InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,221.42
(
-0.02%
)
US TECH 100
17,714.00
(
0.18%
)
Dow Jones
39,431.51
(
-0.21%
)
Brent Oil
83.27
(
0.07%
)
Bitcoin
62,439.26
(
-0.74%
)
Post# of 704019
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

wstera2

Send PM Follow Ignore
Followers 4
Posts 820
Boards Moderated 0
Alias Born 02/06/2001

wstera2

Member Level

Re: gloe post# 97372

Monday, 04/14/2003 4:15:32 PM

Monday, April 14, 2003 4:15:32 PM

Post# of 704019
IBM first-quarter earnings rise on cost cuts
Monday April 14, 4:10 pm ET


NEW YORK, April 14 (Reuters) - International Business Machines Corp. (NYSE:IBM - News) said on Monday that quarterly earnings rose for the first time in almost two years, helped by cost cuts and the closure of some old chip-making facilities.
Armonk, New York-based IBM, which sells everything from computer services to giant mainframes to software, reported first-quarter income net income of 79 cents per share, up from 68 cents per share a year earlier.

IBM, like many technology companies, cut about 15,000 jobs last year and closed down some older chip-making facilities as it faced an extended downturn in corporate spending.


http://biz.yahoo.com/rc/030414/tech_ibm_earns_1.html


Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up