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IBM 3Q profit strong on global sales, cost cuts

AP — Fri, 17 Oct 2008 04:08:13 +0000

A big question hanging over IBM Corp.’s third quarter was just how much new business it brought in during a period of economic strife.

Summary: IBM 3Q profit jumps 20 pct

AP — Fri, 17 Oct 2008 00:15:17 +0000

THE THIRD QUARTER: IBM Corp.’s third-quarter profit jumped nearly 20 percent to $2.82 billion, topping Wall Street’s forecast. Sales grew 5 percent to $25.3 billion, short of analyst estimates. IBM overcame slumping hardware sales and...

IBM 3Q profit jumps 20 pct as hardware sales slump

AP — Thu, 16 Oct 2008 20:56:32 +0000

IBM Corp.’s third-quarter profit jumped nearly 20 percent, surpassing analyst estimates, as the technology company overcame slumping hardware sales and signed a healthy number of new services...

IBM 3Q profit jumps 20 pct

AP — Thu, 16 Oct 2008 20:24:14 +0000

IBM Corp. says its third-quarter profit jumped nearly 20 percent, surpassing analysts’ estimates. However, slumping hardware sales hurt the technology company’s revenue, which missed Wall Street’s...

IBM sells $3.9 billion in corporate bonds

AP — Thu, 09 Oct 2008 23:13:29 +0000

IBM Corp. sold $3.9 billion in bonds on Thursday, a sign that the stalwarts of the corporate world are still finding lenders.

Despite IBM profits, a tech gloom still looms

AP — Thu, 09 Oct 2008 20:58:17 +0000

Even after IBM Corp. surprised Wall Street with a healthy profit in the third quarter and a reaffirmation of its earnings outlook for the rest of the year, the broader technology sector dived again Thursday. There’s just not enough of what...

IBM 3Q profit a positive sign for tech sector

AP — Thu, 09 Oct 2008 04:21:13 +0000

For the second time this year, IBM Corp. offered an early peek at its quarterly results, showing in a surprise announcement that it was still plenty prosperous in the third quarter despite the worsening economic...

IBM preannounces 3Q results; beats estimates

AP — Wed, 08 Oct 2008 23:41:51 +0000

IBM Corp. released third-quarter results ahead of schedule Wednesday that beat Wall Street’s estimates, sending the company’s stock, a component of the Dow Jones industrial average, up 6 percent in after-hours...

IBM preannounces 3Q results

AP — Wed, 08 Oct 2008 22:47:50 +0000

IBM Corp. announced its third-quarter results earlier than expected Wednesday, and the company beat Wall Street’s profit estimate and reaffirmed its full-year 2008 guidance. The stock, a component of the Dow Jones industrial average, gained...

Saudi Arabia and IBM to build Middle East's fastest supercomputer

Alpheus — Thu, 25 Sep 2008 15:52:24 +0000

The race to build one of the world’s fastest and most powerful supercomputer is on. And the news this time is from Saudi Arabia. The King Abdullah University for Science and Technology (KAUST) has announced its plans to collaborate with IBM...