I.B.M. Tops Forecasts and Expects a Good 2009

Business & Work - 2009

I.B.M. Tops Forecasts and Expects a Good 2009

http://www.nytimes.com/2009/01/21/technology/companies/21blue.html
Scanned by: Alvis Brigis over 3 years ago

I.B.M. reported a solid 12 percent gain in quarterly profits on Tuesday, bucking the trend of steep declines for many technology companies amid the economic downturn. Its strong performance in the fourth quarter, analysts say, mainly points to the success of I.B.M.’s strategy in recent years to increasingly tilt toward software and services, and reduce its reliance on the computer hardware business, which suffers worst in down economic cycles.

Type: News | Also: Economics |

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I.B.M. Tops Forecasts and Expects a Good 2009

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