IBM Corp is very excited about its new multimedia workstation and did not mention anything else, not even its own-brand microprocessor, at the UK launch yesterday, but the gnarled professionals on Wall Street are rather less impressed, judging that the machine will not make any impact in the business market, that it will be a very slow seller because all the people that want that kind of thing buy an Apple Computer Inc Macintosh, and as well as being much better, any IBM machine will have to be much, much cheaper than the Mac to make any impact, and all the buzz that went into the IBM share price after the third quarter earnings report was squeezed out by yesterday, and at 12.40 in a flooded and chaotic Manhattan yesterday (a water main burst under Grand Central Station flooding all the West Side subway lines, many of the railway tracks and sundry under-street cabling ducts), IBM’s shares were back down below $100, trading at $99.625, down $1.75 since the market opened.
