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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Dan Spillane who wrote (4488)	1/21/1999 6:17:00 PM
From: Guardian	Read Replies (2) \| Respond to of 8218

DOWN 4 WAS CORRECT. CONFIRMED ON CNBC MINUTES AGO BY JOE KIERNAN. S&P FUTURES ALSO NOSEDIVED. sorry about caps.

To: Dan Spillane who wrote (4488)	1/21/1999 6:22:00 PM
From: J R KARY	Respond to of 8218

Year over IBM shows quarterly profit and revenue increase: IBM's profits edge Wall St. forecasts NEW YORK (AP) -- International Business Machines reported Thursday that quarterly profits rose 12%, edging Wall Street expectations, amid strong demand for its computer services and software products. IBM said it managed the profit despite weakness from the economic slump in Asia and parts of Latin America and sagging computer-chip prices. The company also overcame a decline in revenue from computers, IBM's biggest business, which slipped in part due to price reductions on new mainframe machines and slower sales of other business computers. IBM said it earned $2.35 billion, or $2.47 a share, in the three months ended Dec. 31. That was up from a profit of $2.09 billion, or $2.11 a diluted share, in the year-ago quarter. Revenues rose 6% to $25.13 billion from $23.72 billion. The report, for the fourth quarter, beat the $2.45 per share forecast by analysts surveyed by First Call. The results were released after the close of financial markets. usatoday.com Jim Kary