AI
Saturday, April 16, 2005 1:08:24 PM
their OEM technology group. It was $691m in the quarter,
up 2%. IBM brings in $250m+ per quarter from IP so do
the math.
There was an interesting comment on chips:
"yield stability continues to improve in our East
Fishkill fab"
http://www.ibm.com/investor/1q05/presentation/1q05prepared.pdf
Sounds reassuring doesn't it?
They didn't say "yield continues to improve" but rather
"yield stability continues to improve". At best that means
yield gains have flattened. At worst it means yields are
now falling slower or fluctuating somewhat less wildly.
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