IBM Commences $60 Per Share All Cash Tender Offer for Lotus Development
Corporation

ARMONK, N.Y., June 6, 1995 . . . IBM announced today the commencement of
the previously announced tender offer for all outstanding common shares
and preferred share purchase rights of Lotus Development Corporation at a
price of $60 per share in cash.

The tender offer materials are being filed with the U.S. Securities and
Exchange Commission.

The tender offer and withdrawal rights will expire at 12:00 midnight EDT on
July 3, 1995, unless extended.

 ============================================================
 From the  'New Product News'  Electronic News Service on....
 AOL (Keyword = New Products) & Delphi (GO COMPUTING PRODUCT)
 ============================================================
 This information was processed from data provided by the 
 company or author mentioned. For additional details, please 
 contact them directly at the address/phone number indicated.
 All trademarks are the property of their respective owners.
 ============================================================
 All submissions for this service should be addressed to:
 BAKER ENTERPRISES,  20 Ferro Dr,  Sewell, NJ  08080  U.S.A.
 Email: RBakerPC (AOL/Delphi), rbakerpc@delphi.com (Internet)
 ============================================================
