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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 (1417)	3/4/1999 2:03:00 PM
From: porcupine --''''>	Read Replies (2) \| Respond to of 1722

IBM, DELL ANNOUNCE $16 BILLION TECHNOLOGY AGREEMENT --'''':> dell.com

To: porcupine --''''> who wrote (1417)	3/4/1999 10:14:00 PM
From: porcupine --''''>	Respond to of 1722

GM boosts first-quarter production plans DETROIT, March 4 (Reuters) - General Motors Corp. on Thursday said it added 13,000 trucks and 1,000 cars to its first-quarter North American production plans, bringing the new forecast to 1,487,000. The revised figure is 8 percent higher than the 1,375,000 cars and trucks that the world's largest automaker built in North America in the year-ago first quarter. GM also said expected to build 1,466,000 cars and trucks in North America in the second quarter, a 25 percent increase from 1,172,000 units a year ago. GM plans to make 764,000 trucks and 702,000 cars, compared with 557,000 trucks and 615,000 cars. GM said the higher second-quarter output would reflect full production of the new Chevrolet Silverado and GMC Sierra full-size pickups at Oshawa, Ont., Pontiac, Mich., and Fort Wayne, Ind. assembly plants. Also contributing to the increase are full production of the Pontiac Grand Am and Oldsmobile Alero cars. The cars, built at GM's plant in Lansing, Mich., were being launched a year ago. GM produced 499,000 cars and trucks in February, up 36,000 units from the same month in 1998.

To: porcupine --''''> who wrote (1417)	3/4/1999 10:19:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

IBM sees no boost to 1999 results from Dell pact By Eric Auchard NEW YORK, March 4 (Reuters) - International Business Machines Corp. said the impact of the company's $16 billion component supply deal with Dell Computer Corp. will accrue over the long run and is not expected to lift near-term financial results. In a conference call with Wall Street analysts following Thursday's announcement of the pact, IBM officials guided brokers to make no changes in their current earnings estimates for the computer maker's 1999 year, a spokesman confirmed. The impact of the deal to supply data storage, computer chips, network attachments and computer displays is unlikely to be seen until 2000 and will accelerate over the seven years of the pact, said SoundView Technology Group analyst Gary Helmig. But Helmig, who participated in the call with IBM executives at midday Thursday, said IBM executives hinted that the Dell agreement could be the harbinger of similar supply partnership deals with other top computer makers. He quoted James Vanderslice, a senior IBM executive who oversees the company's technology supply business, as saying, "'This could be the precursor to some other deals,'" adding that analysts should "'Stay tuned.'" Helmig speculated that IBM could expand existing supply relationships with any number of top computer makers, including Compaq Computer Corp. and Gateway Inc. IBM already supplies Dell, Compaq, Gateway and virtually all of the world's top 10 computer systems makers with key components. "This is a good deal, certainly, for both companies," Helmig said. "It's just not going to be a big stimulus for IBM immediately," he said. "They (IBM officials) didn't think that IBM estimates should be raised for 1999 as a result of this deal," Helmig said. "I get more excited about the Year 2000," he said. A recent First Call survey of analysts estimates projected that the world's largest computer maker will earn between $7.29 and $7.75 per share this year, with a mean estimate of $7.53 per share. By contrast, IBM earned $6.57 per share in 1998. IBM stock, which traded up more than $10 earlier in the day, had fallen back to $170.75 in late-afternoon composite U.S. stock exchange trading, a gain of $4 on the day. Dell, which had traded nearly $4 higher earlier, was up only 50 cents in late day traded at $81.44.