Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Toby who wrote (14897)	1/20/1998 5:12:00 PM
From: derek cao	Read Replies (1) \| Respond to of 70976

ARMONK, N.Y., January 20, 1998 . . . IBM today announced fourth-quarter 1997 net earnings of $2.1 billion, or $2.16 per common share, an earnings per share increase of 10 percent compared with net earnings of $2.0 billion, or $1.97 per common share, in the fourth quarter of 1996. Fourth-quarter 1997 revenues increased 3 percent (8 percent at constant currency) year over year to a record $23.7 billion. In as-reported terms, RS/6000, storage and semiconductor revenues increased while overall PC, AS/400 and System/390 revenues declined. On a constant currency basis, hardware sales increased in all key hardware lines, with the exception of the System/390 and consumer PCs. derek