All you are doing is competing with your customers - Eckhard Pfeiffer, to Intel
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IBM remains bullish
Nibble
We stand by our profit prediction
Thu May 14 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
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