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To: Dalin who wrote (35977)	4/18/2001 4:19:13 PM
From: Dealer	Read Replies (1) of 65232

IBM--IBM first quarter net income up 15 percent NEW YORK, April 18 (Reuters) - International Business Machines Corp. (NYSE:IBM - news) said on Wednesday its first-quarter net income rose 15 percent, and the world's largest computer maker said it expected to outperform its rivals but was not immune to customer spending cutbacks. The company, based in Armonk, N.Y., reported net income of $1.75 billion, or 98 cents per share, compared with $1.52 billion, or 83 cents per share, a year earlier. Analysts had expected earnings in a range of 89 cents to $1.02, with the average at 98 cents. Sales rose 9 percent to $21 billion in the quarter. The report came after the close of the regular trading session. IBM shares closed up $6.80, or 6.8 percent, at $106.50 on the New York Stock Exchange. The stock has outperformed the S&P 500 index by about 30 percent this year.

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