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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (12663)	2/11/1998 12:33:00 AM
From: Scrapps	Respond to of 22053

I enjoyed a chuckle too...and had thoughts of Bernie mingled in. <G>

To: David Lawrence who wrote (12663)	2/11/1998 12:59:00 PM
From: jhild	Respond to of 22053

This story notable for its new horticultural process that IBM is buying into. dailynews.yahoo.com IBM Buys Chip Maker Commquest for $180 Million ARMONK, N.Y. (Reuters) - International Business Machines Corp. said Wednesday it agreed to buy CommQuest Technologies Inc., a maker of computer chips for cellular phones and other devices, for $180 million. CommQuest, based in Encinitas, Calif., designs advanced semiconductors for wireless communications applications such as cellular phones and satellite communications, IBM said in a statement. The world's largest computer maker said it would take a one-time charge related to the acquisition when it is completed. It did not say when completion was expected. IBM said the merger will help it develop new low-cost mobile phones and products that combine cell phone, e-mail and Internet access functions in a single hand-held package. The acquisition will help generate about $1 billion in new revenues for IBM by the year 2002, IBM spokesman Tom Beermann said. IBM's revenues rose 3 percent to $78.5 billion in 1997. "This deal takes the silicon geranium technology that we've got and combines it with CommQuest's chip-design expertise," Beermann said. The new organization will become part of IBM's Microelectronics Division, the company said. The transaction requires approval by regulators and is subject to other conditions. IBM stock rose 1 9/16 to 102 1/2 in New York Stock Exchange trading.