Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (95779)	3/7/2002 12:33:17 AM
From: Elwood P. Dowd	Respond to of 97611

Re: Spent part of yesterday PM reading.. by: shbrom Long-Term Sentiment: Buy 03/07/02 12:29 am Msg: 275918 of 275918 The wave of the future. Reported just this AM. Companies unable to do this sort of thing will just fade away or become small niche players. IBM Reports 5-Year Order From Nestle Thu Mar 7,12:08 AM ET NEW YORK (Reuters) - No. 1 computer maker International Business Machines Corp. said on Thursday it signed a five-year, $500 million agreement to provide computers and software to Nestle SA, the world's largest food group. The deal is a promising sign for IBM, especially since most analysts expect corporate technology spending to decline this year, despite recent signs of a rebound in other sectors of the U.S. economy. "This is an end-to-end IBM delivery of hardware, software and services," said Christian Nivoix, general manager of IBM's worldwide distribution sector. Armonk, New York-based IBM said Nestle, based in Vevey, Switzerland, had agreed to equip five new data centers with IBM products including computer servers, storage systems and database software. IBM said Nestle will use the data centers to support its roll-out out of business software applications from SAP AG, including programs which automate tasks such as financial, human resources and customer services processes. This agreement differs from many of IBM's recent pacts in which companies transfer data center operations to IBM to manage because it only involves a small amount of services, Nivoix said. Nestle will operate the data centers itself, he said. IBM's services division's revenues increased last year while its hardware revenues suffered as companies held back on spending on technology infrastructure. IBM said the data centers will include IBM's Unix (news - web sites) operating system-based computer servers and servers built with Intel Corp. semiconductors, data storage machines, storage area networks, database software and software that manages a company's computer systems and operations.