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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| January 05, 2004 | COPYRIGHT 2004 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

TECHNOLOGY

Advanced Power Tech. surges

The power chip maker's shares rose 13% to a 52-week high of 9.73 after it forecast Q4 sales of $12.4 mil vs. its prior outlook of $11.5 mil-$12 mil, as orders jump 31%. But Advanced Power, which in late Oct. forecast a small loss, cautioned that higher R&D costs could limit any profit upside. Analysts expected Advanced Power to break even in Q4.

IBM Q4 deals may miss target

The high-tech company signed $12-$13 bil in new computer services deals, analysts said, but that's short of the $14 bil IBM CFO John Joyce called a "good working number" in Oct. IBM gets half its revenue from services, so the deals are watched for revenue growth or loss. Prior to IBM's news that it landed a 10-year deal with Target, the company was expected to pull in $11-$12 bil in deals for Q4 '03. IBM shares fell 1%.

** Dell will offer 12-month no-interest financing on purchases of consumer PCs, cameras, music players and TVs. Previous no-interest offers were available on ...

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