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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (39021)	3/24/1999 8:32:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

IBM loses $1 billion on personal computer business in 1998 Copyright © 1999 Nando Media Copyright © 1999 Associated Press NEW YORK (March 24, 1999 7:14 p.m. EST nandotimes.com) - IBM lost nearly $1 billion on personal computers last year, considerably more than each of the previous two years, the world's largest computer company has disclosed in a federal filing. The pretax loss reinvigorated suggestions from Wall Street on Wednesday that IBM get out of the PC business that it pioneered and instead focus on selling corporate machines, software and computer advice. IBM has not previously disclosed its PC losses, but new accounting rules stipulate that companies give more detailed financial results to investors. The late Tuesday filing showed IBM lost $992 million in 1998, $161 million in 1997 and $39 million in 1996.