IBM Earnings: Good Picture for IBM, Not for Tech Sector
This is why we wait for full results: IBM’s earnings, while looking good for the company, augur poorly for the tech sector.
IBM pre-announced better-than-expected 2007 fourth-quarter sales and earnings earlier this week, leading some to suggest that the long-anticipated tech slowdown wasn’t going to be so bad after all. But IBM’s full earnings, released this afternoon, paint a bleaker picture.



