People@TGDaily

10 things you didn't know about...
Read more at
   SmallNetBuilder.com
Try our new and free
Price Comparison Service
IBM hindered by services bookings, U.S. sales PDF Print E-mail
Business and Law
By Marketwatch   
Wednesday, April 18, 2007 09:20

IBM shares shed 2% Wednesday, and at least three Wall Street analysts cut their ratings on Big Blue's stock after the technology giant reported a drop in new services contracts and weakness in the U.S. market. IBM saw its shares fall by $2.11, to $95.02, one day after delivering first-quarter results on Tuesday. IBM had a relatively upbeat quarter, with earning that rose 8%, to $1.84 billion, or $1.21 a share, compared with $1.71 billion, or $1.08 a share a year ago.

Read the complete story here.

Comments (0)Add Comment

Write comment
This content has been locked. You can no longer post any comment.

busy
Recommend article:
Slashdot
Digg
Delicious
Technorati
YahooMyWeb
Stumble
NewsVine
Ma.gnolia
Subscribe to the TG Daily Newsletter
Email:
 

Shop Keywords: IBM, Q12007

-view -business -122 --122
Powered By Page_Cache by Ircmaxell
Generated in 5.24604892731 Seconds