Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 152.88

-5.9%

Nov 18 3:59 PM EST

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To: Sam who wrote (6424)	5/24/1999 6:17:00 PM
From: Gottfried	Read Replies (1) of 9256

Sam, Gerstner's words from the Q report >>Louis V. Gerstner, Jr., IBM chairman and chief executive officer, said: "We started 1999 with a strong quarter. We saw a significant improvement in our business in Asia, and we also had double-digit revenue growth in Europe and the Americas. Our operating results were excellent, led by services and software -- which together produced 60 percent of our gross profits this quarter. Our Technology Group results were mixed, with growth in hard disk drives offset by continued weakness in memory chips. Our PC unit also had substantially improved results.<< ibm.com Not specific, but sounds like HDDs are profitable. Gottfried

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