I just bought an IMS bearing from LN Engineering for the engine I'm building. It was a double row bearing which should be the same as the 1997. It cost $595 plus tax and delivery.
Also yes, a waterlogged OBC under the seat can cause a CEL to come on. Go buy a code reader from any automotive store and plug it in to the Porsche, it will tell you why the light is on. And after your done with it, return it or keep it. I guarentee you will use it again. I bought ones a couple years ago and have used it countless times on countless vehicles.
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