IBM Shares Up Despite Services Doubts
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Shares of IBM  gained 4 percent on Tuesday after the world's largest computer company posted third-quarter results that marked a recovery from a weak second-quarter performance, Wall Street commentators said.
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Wall Street rose sharply in early trading, with solid preliminary results from IBM encouraging investors to buy back into the stock market after last weekâs rout.
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US stocks rebounded on Monday after IBM surprised traders with better than expected results, boosting confidence at the start of big week for corporate earnings.
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U.S. stocks to watch on Wednesday: IBM CORP. : The computer maker said it sealed deals worth more than &#36;1 billion in new work with two European companies from which the information technology company just acquired two Danish services providers.
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International Business Machines Corp.  IBM.N on Monday posted a flat quarterly net profit, weighed  down by a legal settlement, but the world's largest computer  company sounded a confident outlook and its shares rose 2.3  percent after-hours.
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The business software maker inks a deal with IBM, but it isn't likely to dissuade Oracle.
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NEW YORK - IBM Corp. posted quarterly results on Monday showing 9 percent revenue growth from last year and slight earnings growth, despite a $320 million charge it took during the quarter to settle some claims in a lawsuit over its pension plan.
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IBM  on Thursday forecast  2008 earnings well ahead of Wall Street expectations after  results showing a strong international performance, and its  shares rose 5 percent.
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IBM , the world's largest technology services company, on Wednesday posted a 12 percent jump in quarterly profit and raised its 2007 earnings forecast as revenue surged on software-company acquisitions.
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U.S. stocks advanced on Tuesday after stronger-than-expected data on the services sector and a tamer-than-expected rise in labor costs pointed to economic and profit growth with moderating inflation.
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Shares in Chinese PC maker Lenovo rise as reports suggest regulatory and security worries could thwart its takeover of IBM's PC unit.
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On the surface, IBM seems to be cruising. Its stock is trading near a six-year high, at almost $106, and its overall financial performance has been improving steadily for more than a year.
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Shares of Network Appliance jumped more than 11 percent during Wednesday&#39;s trading after the storage maker reported a robust 38 percent rise in first quarter revenue.
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Stocks rose on Friday, with the Dow industrials advancing 1 percent, helped by a higher-than-expected profit forecast from IBM  and earnings from General Electric Co  that met Wall Street expectations.
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IBM and the rest of the tech industry might have a better year than most onlookers expected. IBM's third-quarter earnings rose 15% from a year earlier, to &#36;1.17 a share, excluding a one-time &#36;320 million charge to settle a lawsuit over its pension plan. That beat analysts' average estimate by 3 cents a share.
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IBM , the world's largest technology services company, on Wednesday posted a higher quarterly profit as revenue rose 9 percent, helped by software-company acquisitions and growth in computer services.
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IBM (NYSE: IBM) today announced that based on a new IDC report (1), the company achieved double-digit year-over-year revenue growth in the storage software market in Q1 2007, growing faster than H-P or Symantec.