IBM faces lawsuit over Nazis' use of technology

Article Abstract:

IBM Corp is faced with a lawsuit filed by former Nazi internment camp inmates. The lawsuit alleges that IBM committed crimes against humanity by providing technology that helped the Nazis identify targets for extermination during the Holocaust. It is asking IBM to admit guilt, make World War II-era corporate records public and establish a Holocaust relief fund which the plaintiff's lawyers estimates at $10 million in 1940s money. IBM's liability, however, could be limited since it joined a German reparations fund recently.

Legal issues & crime

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IBM plans $100M unit to aid in biotechnology research

Article Abstract:

IBM announced that it will form a Life Sciences unit with an investment of $100 million. The unit will develop hardware and software systems for pharmaceutical, genomic, agri-science and other biotechology companies. IBM's computer will assist in managing the huge amounts of data needed in life science research. According to IBM, the life sciences industry could generate over $9 billion in revenue by 2009, from $3.5 billion in 2000.

Use of Funds

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PC prices poised to climb for school, holiday sales

Article Abstract:

Personal computer (PC) prices are expected to rise for the 2000 school year and holiday shopping seasons. The trend is due shortage of PC components, decline in the number of PC manufacturers an increase in the demand for branded PCs. Since Dec 1999, the price of a PC has only rose from an all time low of $939 to about $1,000. One reason for this is the decline in PC manufacturing costs.

Commodity & service prices

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