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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (947)	11/9/1998 8:40:00 PM
From: porcupine --''''>	Respond to of 1722

IBM to be first major PC maker to sell $599 machine RESEARCH TRIANGLE PARK, N.C., Oct 29 (Reuters) - IBM unveiled on Thursday a low-cost consumer personal computer priced at $599, the first major personal computer-maker to offer a machine for under $600. International Business Machines Corp. said the low-priced computer will be in stores beginning in November. The new Aptiva E Series model D1N features a 300 megahertz speed, IBM-compatible computer chip from National Semiconductor Corp.'s Cyrix unit, a built-in 56 kilobit modem and a slim desktop design. A monitor must be purchased separately. An IBM spokesman said the company hopes to use the low-cost machine to attract more first-time buyers, specifically children and grandparents. The latter category has become one of the fastest-growing groups surfing the Web. The spokesman said the low-cost computer is part of a renewed bid to gain market share from other consumer PC makers, which include rivals such as Compaq Computer Corp. and Hewlett-Packard Co , albeit at lower profit margins. IBM is seeking to make a comeback in the consumer PC market after resisting the trend toward low-cost, sub-$1,000 PCs begun by Compaq in early 1997. In the year since IBM joined the fray with low-cost models of its own, the portion of PCs shipped that were priced under $1,000 have grown to become a majority of its sales. The introduction of new computer joins two existing IBM Aptiva models priced at $699 and $799. The company also offers a range of high-end PCs at prices starting over $2,000. ((New York Newsdesk--212-859-1700))

To: porcupine --''''> who wrote (947)	11/9/1998 9:33:00 PM
From: porcupine --''''>	Respond to of 1722

European IT services set for rapid growth CANNES, France, Nov 4 (Reuters) - The business of providing information technology (IT) services is set to grow 14 percent a year in Europe to create a market worth $164 billion by the end of 2001, a conference was told on Wednesday. Dataquest analyst Ben Pring said the increase will be stimulated by companies seeking fixes for the millennium computer bug. But conversely, money for new IT projects like electronic commerce will be sucked away next year as companies concentrate resources on purging the bug, Pring said. "Dataquest estimates that the European market for IT services will be worth more than $164 billion out of a global total of $622 billion by the end of 2001, having grown at a compound annual rate of 14 percent from 1997 to 2002," Pring said. The IT business includes provision of systems integration and consulting. According to technology consultants Richard Holway Ltd of London, major players in the European IT services market include International Business Machines Corp , Electronic Data Systems Corp , Cap Gemini and Andersen Consulting. Pring was addressing the Gartner Group's annual European Symposium/ITxpo98, Dataquest is a Gartner subsidiary. ((Neil Winton 44 171 542 7975 neil@jinks.demon.co.uk))