ARMONK, N.Y. -- IBM, here, says the newest version of its 4694 point-of-sale terminal, model 004, is four times faster than earlier models in that line. Company officials say the enhanced speed will assuage the common fear among retailers that a POS system could become obsolete relatively quickly after purchase.

"While its performance may not be needed for POS applications today, it ensures that the 4694 will not be made obsolete by operating system or applications requirements tomorrow," said IBM spokesman Ron O'Connor.

The unit comes standard with 2MB of RAM, a 1.44MB floppy-disk drive and a built-in Ethernet interface adapter. An optional OS/2 package increases the RAM to 8MB.

Introduced last June, the 4694 line is designed for specialty retailers and departments within larger stores.

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