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IBM to Unveil New Mainframe Computer

May 13, 2003|From Reuters

IBM Corp. will unveil a new version of a mainframe computer that could boost revenue and earnings this quarter, analysts briefed on the topic said.

Armonk, N.Y.-based IBM is expected to unveil details of the computer, code-named T-Rex and which goes on sale in mid-June, at a meeting today in San Francisco. The new system has more powerful processors, new memory and an updated version of the operating system.

IBM shares rose $1.45 to $89 on the NYSE.

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