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To: James Young who wrote (4747)	3/4/1999 10:24:00 PM
From: porcupine --''''>	Respond to of 8218

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.

To: James Young who wrote (4747)	3/4/1999 11:59:00 PM
From: Ben Beale	Respond to of 8218

Splitsville: messages.yahoo.com@m2.yahoo.com

To: James Young who wrote (4747)	3/5/1999 12:27:00 AM
From: Mr.Manners	Respond to of 8218

Stock Splits Pending CTXS 2-1 on Mar 25 DELL 2-1 on Mar 05 EMC 2-1 on May 28 IBM 2-1 on May 26 INTC 2-1 on Apr 11 LU 2-1 on Apr 01 MSFT 2-1 on Mar 26 PFE 3-1 on (b) RFMD 2-1 on Mar 31 SUNW 2-1 on Apr 08

To: James Young who wrote (4747)	3/5/1999 8:04:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 8218

On January 26, the IBM Board of Directors declared a regular quarterly cash dividend of $.22 per common share, payable March 10, 1999 to stockholders of record on February 10, 1999. The Board also declared a two-for-one common stock split, subject to approval of stockholders of an increase in the number of authorized common shares to 4.6875 billion. The record date for the stock split is currently expected to be on May 10, 1999, with distribution of the split shares to follow on or about May 26, 1999. --------------------------------------------------------------------------------