Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 09 October 2008 12:12

IBM sails through troubles

Written by Nick Farell

Image

Blue skies smiling at me, nothing but blue skies do I see


While the
rest of the IT industry is battening down the hatches for economic chaos,  IBM is doing very nicely.

Big Blue sees announced positive preliminary earnings for the third quarter of 2008. Not only are profits up, but it expects things to get better. IBM said net income rose 20 percent to reach $2.8 billion, while revenue rose 5 percent to $25.3 billion.

Analysts peered out from their sackcloth and ashes and were really surprised. Chuck Jones, a technology analyst for Atlantic Trust Private Wealth Management, told Reuters that it was nice to see some positive news for a change. IBM said next year it expects its earnings to grow by 22 percent.  It also has $9.8 billion in its bank account ,which is always good to have.

Mike Holland, chairman of investment company Holland, told Reuters that in these ‘interesting times’ it was amazing to see an outfit confirming their outlook through to the end of the year. 

More here.
Last modified on Friday, 10 October 2008 06:04

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments