The deal in Internet helps, but the real reason the market is faring well is because of the end-of-quarter window dressing.
Quotes about end-of-quarter (3 Quotes)
It's the first day of the quarter, which means there was a lot of end-of-quarter window dressing yesterday. So a lot of people who bought yesterday are looking for reasons to sell today.
It's possible that end-of-quarter mainframe sales were light for IBM. It's also possible that software lags hardware and that the software companies are seeing the weakness IBM saw in fourth quarter of 1999 and the first quarter of 2000.