OT: IBM earnings. I hope this helps Dell tomorrow! :)Leigh
msnbc.com
THE ARMONK, N.Y., company reported first-quarter net income rose to $1.52 billion, or 83 cents per share, compared with 1.47 billion, or 78 cents, in the first quarter a year ago. Revenue declined 5 percent to $19.3 billion, from $20.3 billion a year earlier.
Wall Street had expected earnings per share of 78 cents, according to the consensus of analysts surveyed by First Call/Thomson Financial, which compiles brokerage estimates.
Analysts had expected revenues to grow slightly as IBM customers were still recovering from the work they did to ready their computers for the Year-2000 date change.
?This was a transitional quarter, as we expected, with Y2K lockdowns continuing until late in the quarter,? Chairman and Chief Executive Louis Gerstner said in a statement. ?We continue to believe 2000 will be a good year for IBM.
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