IBM weathers downturn, beats estimates
updated 09:10 am EDT, Wed October 17, 2001
IBM has reported earnings of $1.6 billion or 90 cents per share, down 20 percent from $2.0 billion in the year-ago quarter. In its fiscal report, IBM said that its microelectronics business, which sells semiconductors to Apple and other companies, saw a revenue decline of 30 percent.



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Down down down
Of course they did not mention the thousands of people that were laid off on October 2... maybe Big Blue should include this important piece of information...