- Wednesday, 11 November 2009
- INQ Mobile
- RSS
The illegal we do immediately. The unconstitutional takes a little longer - Henry Kissinger
IBM remains bullish
Nibble
We stand by our profit prediction
Thursday, 14 May 2009, 12:45
IT LOOKS LIKE IBM is going to make the cash it predicted it would this year, despite the economic downturn.
The strokers of beards and people in the know at Wall Street said "nah" when Biggish Blue announced it could make a profit of $9.20 per share this year. But now it seems IBM will make that sort of cash after all.
According to the AP this is possible because IBM has been making better profit margins in its services and software divisions as it continues to cut costs to offset weakening sales. µ
Share this:
Share
Advertisement
Subscribe to the INQ Newsletter
Sign-up for the INQBot weekly newsletter
INQ Whitepapers
Business Intelligence Software
Customer Relationship Management (CRM)
Enterprise Accounting Software
Enterprise Resource Planning (ERP)
Enterprise Systems Management
Jobs
Advertisement
INQ Poll
The cost was only a hundred thousand employees being offshored. But it was all worth it. Destroying all those families was for the good of the shareholders.
You guys should have formed a union, I'm amazed any company can lay off such massive amounts of staff without a strike.
Where's the solidarity these days?
The union were informed of the merger with the union offshore.
Anyone else think it's sucky that Chrysler will not have to pay any of the suppliers it owes money too?