IBM Earnings Down…
IBM the worlds biggest computer maker announced reduced earnings for the quarter on the back of slow sales.
Is this an indicator of further trouble looming for the information technology sector?
Doug Tsuruoka relates his view…
Big Blues first-quarter fumble is stirring questions about the worlds biggest computer maker and the tech sector in general.
late Thursday posted earnings from continuing operations of 85 cents a share, 5 cents below analysts expectations. Its the first time IBM has missed meeting views in many years, several analysts say.
Sales also lagged, rising just 3% to $22.9 billion. Analysts expected $23.6 billion.
