IBM Message Board - Msg: 9072302

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Technology Stocks : IBM

IBM 305.75

+0.3%

3:59 PM EST

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To: Michael Collings who wrote (5013)	4/22/1999 7:55:00 AM
From: Dorine Essey	Read Replies (1) of 8218

BEFORE THE BELL - IBM surges on earnings April 22, 1999 07:21 AM NEW YORK, April 22 (Reuters) - Shares in International Business Machines Corp. surged in pre-opening trade Thursday after the computer maker reported quarterly earnings that trounced Wall Street forecasts. IBM was trading at 188-1/8 on the Instinet electronic broker system, up from a Wednesday finish at 171-7/8. After markets closed Wednesday, the company reported that its first-quarter income rose 50 percent to $1.5 billion. IBM, the world's biggest computer maker, posted earnings of $1.55 a share. Analysts surveyed by First Call Corp. had forecast $1.41. Among other active issues, Dell Computer Corp. DELL rose to 40-1/2 from a Wednesday close at 38-7/16. ((--Ian Simpson, Wall Street desk, (212) 859-1879)) REUTERS -------------------------------------------------------------------------------- Following are Reuters Alerts related to this article -------------------------------------------------------------------------------- ALERT IBM UP AT 188-1/8 PRE-OPEN FROM 171-7/8 WEDNESDAY CLOSE REUTERS --------------------------------------------------------------------------------

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