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To: michael ehrenberg who wrote (60910)	7/21/1998 10:36:00 AM
From: Joseph Pareti	Read Replies (1) \| Respond to of 186894

>IBM's earnings seem to be igniting the tech sector I find it hard to understand ... "Hardware sales were a weak spot for the company, falling 12.7 percent to $7.52 billion. There were few surprises here given the dismal business conditions in several areas, including personal computers and Asia, although unexpected weakness of IBM's RS/6000 workstation unit also contributed " But Lou has got an ace up his sleeve "IBM's services business, by far the company's strongest growth source, continued to lead, with revenues rising 21.5 percent to $5.60 billion from $4.61 billion. The services segment amounted to 30 percent of total revenues." dailynews.yahoo.com