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IBM AND PACIFICCORP CAPITAL ACHIEVE SETTLEMENT

 IBM AND PACIFICCORP CAPITAL ACHIEVE SETTLEMENT
 ARMONK, N.Y., July 30 /PRNewswire/ -- IBM Corporation (NYSE: IBM)


and PacificCorp Capital, Inc. (PCC) have entered into a settlement pertaining to remanufactured memory and certain leasing practices.
 Under the agreement, PCC, of Reston, Va., will give notice to every customer whom PCC believes is likely to have received remanufactured memory from PCC, either by lease or by purchase, informing them such memory was remanufactured without IBM's approval or consent. Also, PCC will not knowingly sell or lease remanufactured memory without appropriate labelling and disclosure that the memory was remanufactured without IBM's approval or consent. Finally, PCC has agreed to modify certain of its leasing practices.
 IBM will cooperate with PCC's effort to install replacement memory to repopulate certain remanufactured memory.
 "We are pleased that this settlement has been achieved without litigation," said IBM's Gary Helmig, ES director, business planning, Enterprise Systems line of business. "We believe the agreement properly addresses both past and future conduct and business practices."
 "PCC is also pleased to have amicably resolved the various issues it had outstanding with IBM," according to its president, James Hooker.
 Further details of the settlement are confidential.
 -0- 7/30/92 R
 /CONTACT: Ed Trapasso of IBM Corporation, 914-642-5359/
 (IBM) CO: IBM Corporation; PacificCorp Capital, Inc. ST: New York, Oregon IN: CPR SU:


KD-LD -- NY103 -- 5355 07/30/92 17:55 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Jul 30, 1992
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