Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 174.21

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3:59 PM EST

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To: Frodo Baxter who wrote (6101)	4/21/1999 4:39:00 PM
From: Sam	Read Replies (1) of 9256

IBM Says Hard Drive Business Grew, Memory Chips Continued Weak, Earns $1.5 Billion In First Quarter ARMONK, N.Y. (Reuters) - International Business Machines Corp. (NYSE:IBM - news), the world's largest computer maker, said Wednesday its first-quarter income jumped 50 percent to $1.5 billion, exceeding Wall Street's estimates, on a 15 percent increase in revenue. The company said its result meant income of $1.55 a share and came on sales of $20.3 billion. Wall Street analysts surveyed by First Call Corp. had expected IBM to earn $1.41 a share. [more to come later, I presume; could give a boost to HTCH?]

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