Stories by Jaikumar Vijayan & Thomas Hoffman

  • Big-system sales hit the Y2K wall

    Fears of a high-end hardware slowdown caused by year 2000-inspired system `freezes' became reality recently when industry bell-wether IBM stunned observers with server sales far below already lowered analyst expectations. IBM's warning that Y2K was also likely to affect hardware sales for the next two quarters resulted in its stock getting hammered. Shares closed at $91 on October 21 after the announcement, down 15 per cent.