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Short Take: IBM secures $408 million in international contracts

IBM's Global Services division has signed outsourcing deals with two European banking firms. Under the terms of a $168 million contract with London-based mortgage bank Bradford & Bingley, Big Blue will run the company's data center and help desk systems. And through a $240 million pact, IBM also will help Caricentro, an Italian savings bank consortium, handle the new Euro currency as well as Year 2000 remediation efforts.

IBM's Global Services division has signed outsourcing deals with two European banking firms. Under the terms of a $168 million contract with London-based mortgage bank Bradford & Bingley, Big Blue will run the company's data center and help desk systems. And through a $240 million pact, IBM also will help Caricentro, an Italian savings bank consortium, handle the new Euro currency as well as Year 2000 remediation efforts.