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Investor's Business Daily

| March 03, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

IBM won a six-year, $1 bil outsourcing deal with French insurance giant Axa. Applix CEO Alan Goldsworthy quit, but will remain a consultant. Director David Mahoney will replace him. The budgeting software firm said it'll restate '01 and '02 results. Applix fell 13% to 1.70. American Financial Realty Trust, owned by ex-Salomon Bros. mortgage securities pioneer Lewi Ranieri, will pay Bank of America $479 million for 124 office buildings. HP will launch a new "media center" PC, which runs a multimedia-friendly version of Windows featuring TV and music recordings. Its first such ...

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