So far, I am not impressed.
16:52 ET IBM IBM offers details on Q1 earnings miss (79.92 -0.15) -- Update --
On call, IBM attributes earnings shortfall to, among other things, income from retirement-related plans, a decline in real-estate related income, and a drop in IP revenues.
16:47 ET NVLS Novellus guides Q2 below consensus (27.35 +0.70)
On call, says there has been a significant decrease in Q2 (Jun) bookings projections in last two weeks... now expects bookings of approx. $188 mln, shipments of $215 mln, and SAB 101 revenues of $238 mln (Multex consensus is $238.97 mln); Q2 EPS expected to be $0.05 (consensus $0.09)... notes erosion of gross margins associated with product mix
16:44 ET NVLS Novellus slides on earnings report () -- Update --
NVLS -0.48 vs the 4 pm ET close to 26.87
16:42 ET IBM IBM gives color on Q1 revenues (79.92 -0.15) -- Update --
On call, IBM says Q1 (Mar) revenue was negatively impacted by its exit of unprofitable businesses, and a 5% drop in actual PC sales. |
