IBM Offers PC For Under $600

Shares of IBM rose Thursday after the company unveiled a new low-cost personal computer line priced at a mere $599.

The company (IBM) is the first major computer retailer to break the $600 price barrier for personal computers.

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The Aptiva E Series model D1N will be available at select stores in November in time for the holidays, the company said in a statement.

"This new, full-function Aptiva model is the perfect system for families ready to give their kids their own PC. It also makes a terrific holiday gift for parents and grandparents who want to connect to the Web and keep in touch with family and friends," said Brian Connors, vice president, IBM Aptiva.

The Aptiva D1N features: 32MB, 3.2GB, a 56K modem and an IBM 300 performance rated MMX-enhanced processor. The Aptiva also includes Lotus SmartSuite, as well as browser and other Internet options.

Shares of IBM rose 2 1/16 to 148 1/4 in afternoon trading.

Written By Janet Haney