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To: J R KARY who wrote (1936)	12/2/1997 4:55:00 PM
From: Don Hurst	Read Replies (3) \| Respond to of 8218

Jim, don't know about Lou re-uping early. Probably recognized a good thing. Re Sam Palmisano; I met him once when he was a young asst regional mgr in Baltimore. I was very impressed and clearly knew he was a flyer. My gut feel is that he would be a loss if he left. There were rumors that he would go to head up Apple but maybe IBM stock options compensate for any monetary rewards he would get at Apple. Can't believe that he would go there for any other reason. Heard nothing about Jim C since he bounced out of Perot Systems. Also, when will WSJ do a "Heard on the Street" column about IBM earnings and the Far East turmoil? We get something like 20% rev out of that area and I got to believe there is some negative impact on them. Yr thoughts....... Regards, Don

To: J R KARY who wrote (1936)	12/3/1997 12:43:00 AM
From: Bill Martin	Read Replies (2) \| Respond to of 8218

To ALL: ...why did Mr. Lou re-up 5 months early for 5 more years ? I'd say this is pretty routine. If you're on the board of directors and you know Lou's contract is up in 5 months you're certainly going to be interested to get him to sign a new one now so that if he doesn't you still have time to look for someone else. On the other hand, if you're Lou and a major shareholder (or option holder) you also want to settle as quickly and quietly as possible so that the market doesn't get rattled over the delay and shake down the stock. As long as both sides agree on terms then I'd say it's very natural and to everyone's advantage to settle it this far in advance. Bill