IBM 2008 profit target seen strong
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IBM  on Thursday forecast 2008 earnings well ahead of Wall Street expectations as strong growth abroad made up for weaker results in the United States, sending its shares up 5 percent.
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InfoWorld - IDC on Wednesday painted an optimistic outlook for Linux over the next few years, predicting that overall revenue for desktops, servers, and Linux-compatible packaged software will reach &#36;35 billion by 2008.
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International Business Machines Corp. topped fourth-quarter expectations by a healthy margin, with strong overseas sales and a weak dollar helping to generate a profit of $3.04 billion.
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IBM  on Thursday forecast 2008 earnings ahead of Wall Street expectations, sending its shares up 5 percent.
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International Business Machines Corp. on Thursday told Wall Street to raise its 2008 estimates, further boosting a stock that was already buoyed by strong fourth-quarter earnings.
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Investor's Business Daily - 1 Halting a recent tech slide, Big Blue preannounced that profit rose 24% to $2.80 a share ex items, 20 cents above views. A weak dollar helped lift IBM's revenue   10% to $28.9 bil. But IBM was mum on U.S. results. Meanwhile, German software giant SAP   said Q4 sales rose 10%, beating views. IBM shares rose 5% and SAP 4%.
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IBM dispelled some of the gloom surrounding the tech industry&#39;s third quarter performance yesterday, when it reported strong results for the period and raised expectations for the full year performance on the back of the just finished period.
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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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Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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Good news from IBM helps stocks to a higher close ahead of inflation data and financial earnings later in the week.
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Stocks looked set to snap back on Friday as IBM  delivered a higher-than-expected profit forecast and economic bellwether General Electric Co  posted earnings that met Wall Street expectations.
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IBM on Thursday provided more details of its robust fourth-quarter and 2007 financial performance, following an early preview of the figures on Monday.
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Technology industry bellwether IBM has reported a healthy rise in net income in the third quarter, but its overall results were hampered by a $320m legal settlement related to its employee pension plan.
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Seagate Technology, the top U.S. maker of computer hard-disc drives, on Tuesday forecast quarterly earnings and revenue above Wall Street estimates amid stronger demand for its products than in the previous quarter.
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Second-quarter earnings at International Business Machines Corp. rose 12 percent and beat Wall Street forecasts Wednesday, largely on the strength of IBM's software division and improvement in its services unit.
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IBM  on Thursday forecast  2008 earnings well ahead of Wall Street expectations as strong  growth abroad made up for weaker results in the United States,  sending its shares up 5 percent.
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IBM  reported a better-than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in overseas markets, driving its shares up 6 percent and spurring a broader tech rally.