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.

Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (5922)	4/21/1999 6:26:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 17183

John, thread, just a tidbit from IBM's earnings that indicate storage and PCs did well for them the past quarter, memory chips not so well. I know, EMC doesn't sell "disk drives" but they are a very big user of them in their enterprise storage systems. Again, what's good for Blue is quite often good for other techs. ====================================================================== Wednesday April 21, 5:40 pm Eastern Time IBM earns $1.5 billion in first quarter ARMONK, N.Y., April 21 (Reuters) - International Business Machines Corp. (IBM - news), the world's largest computer maker, said Wednesday its first-quarter income jumped 50 percent to $1.5 billion, exceeding Wall Street's estimates, on a 15 percent increase in revenue. The company said its result meant income of $1.55 a share and came on sales of $20.3 billion. Wall Street analysts surveyed by First Call Corp. had expected IBM to earn $1.41 a share. IBM said its net income, income per share and revenues were all records for the first quarter. In the year-earlier period, IBM earned $1 billion, or $1.06 a share, on sales of $17.6 billion. The company said sales in the Americas increased by 13 percent to $8.8 billion; in Europe, the Middle East and Africa by 20 percent to $6.3 billion; and in the Asia-Pacific region by 20 percent to $3.5 billion. Hardware sales were up 17 percent, services were up 19 percent and software up 10 percent, IBM said. Chairman Louis V. Gerstner Jr. noted that the technology group results were mixed, with improvement in its personal computer and disk drive divisions, but weaker results in its memory chip unit.