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

To: High Grader who wrote (4269)	11/23/1998 2:08:00 AM
From: J R KARY	Read Replies (1) \| Respond to of 8218

IBM installs 1,000th G5 - lot more to go with a 70% market share How high can IBM's share price rise ? Consider Dell's average sale is $2,400 and IBM's is $2.5 million per sale ! These G5 sales should keep IBM's share price advancing ! " IBM's G5-Series Are Fastest-Shipping Mainframes Ever SOMERS, N.Y. (Reuters) - IBM has shipped 1,000 of its latest generation of mainframe computers since it first introduced the machines in August, the fastest uptake of mainframes in company history, it said in a statement. ''Customer acceptance of the S/390 G5 Server has been strong,'' David Carlucci, general manager of International Business Machines Corp. (NYSE:IBM - news)'s mainframe computer division, said of the milestone, referring to the company's new G5 series of its S/390 mainframes. " dailynews.yahoo.com " Prices for the machines run about $5,000 for each MIP of capacity, the sources estimated, meaning the average machine has sold for somewhere in the vicinity of $2.5 million. IBM estimates as much as 70 percent of the world's computer data resides on computers built by the company, with the majority of it located on IBM mainframes. " Jim K.