this morning lowered
fourth-quarter estimates to $1.50 from $1.53 a share and moved fiscal 2000 estimates to $4.45 to $4.50 a share.
Analyst Laura Conigliaro attributed the revisions to weakening currency exchange rates.
Discounting the negative impact of the exchange ratios, Conigliaro upped her third-quarter growth estimate to 10.3% from 9.7% due to the strength in semiconductors, Unix servers and disk storage.
IBM was lately off $2.88, or 2.22%, to $126.63