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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 (1536)	4/9/1999 1:34:00 AM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

DEERE & CO said late Monday it struck a deal with Russia to distribute and service farm equipment there. Deere said the agreement was reached after a meeting over the weekend with a delegation of Russian government officials led by Deputy Prime Minister Gennady Kulik. The deal also includes financing, manufacturing and investment. "This partnership represents a profound step in the revitalization of the agricultural sector of Russia," Deere Chairman and Chief Executive Officer Hans Becherer said in a statement. Specific details and financial terms of the agreement were not disclosed. Deere's deal comes on the heels of a similar agreement reached between Russia and CASE CORP

To: porcupine --''''> who wrote (1536)	4/9/1999 1:46:00 AM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

* IBM CORP Chairman Lou Gerstner was paid a total of $13.7 mln in 1998, or nearly 70% more than his prior year's compensation, according to IBM's annual proxy. But the leader of the world's largest computer company received no new stock options, a long-term reward he has been granted in prior years. From previous grants, Gerstner stands to reap IBM stock worth hundreds of millions of dollars. In its annual proxy statement to shareholders, IBM disclosed that Gerstner received a base salary of $1.87 mln, a bonus of $7.5 mln and long-term incentives of $4.15 mln and other compensation of $204,000.