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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: John J H Kim who wrote (11148)	3/24/1999 9:25:00 AM
From: Souze	Respond to of 43080

IBM and EMC ARMONK, N.Y./HOPKINTON, Mass.--(BUSINESS WIRE)--March 24, 1999-- IBM and EMC Corporation today announced a five-year strategic technology and business alliance valued at $3 billion. The alliance, which significantly expands an existing business relationship between the two industry leaders, will result in major benefits for many of IBM's and EMC's mutual customers. Under terms of the accord, EMC will continue to purchase advanced IBM disk drives for incorporation into EMC's Symmetrix Enterprise Storage systems. In the future, the agreement is likely to include other IBM technologies, such as microprocessors and advanced custom chips.