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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (46619)	1/17/2002 4:27:57 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

IBM Earnings Fall on Low Tech Spending Thursday January 17, 4:13 pm Eastern Time ARMONK, N.Y. (Reuters) - International Business Machines Corp. on Thursday said fourth-quarter earnings fell from a year ago, the second quarterly decline in a row, as customers concerned about an economic downturn held back on buying new technology. IBM said it earned $1.33 per share, down from the $1.48 per share it earned in the year-earlier quarter. IBM, which sells everything from personal computers to giant mainframe computers to computer software, said that revenues declined to $22.8 billion, down from the $25.6 billion in sales it booked during the year-earlier quarter. Analysts had expected earnings of $1.32 per share within a range of $1.22 to $1.37 per share, according to research firm Thomson Financial/First Call.

To: Dealer who wrote (46619)	1/17/2002 4:55:55 PM
From: stockman_scott	Respond to of 65232

16:35 ET After Hours Movers : Prices vs 4 pm ET close... MSFT -1.80 selling off on earnings that appear to have missed by two cents. GNSS -3.51 getting hit despite beating the Street by 8 cents and issuing in line guidance. PWAV -0.35 edging lower on in line results. ELON +0.95 bidding up on in line results. MROI +0.95 also higher after beating the Street by 7 cents. MROI is up almost a buck from the close. edit make that TWO bucks, new all time high in AH