I.B.M. Sees Strength in Software and Services in 2nd Quarter - New York Times: "Software sales rose to $3.8 billion, up 10 percent from the previous year (7 percent without currency gains). Its WebSphere products, which use Internet technology to manage and link together all kinds of software in data centers, rose 18 percent.
I.B.M. performed well despite a soft quarter for its mainframe computers, whose sales fell 24 percent. Many customers, particularly in the banking and brokerage industry, held off buying mainframes, analysts said, because I.B.M. is expected to announce next week a new line of its zSeries mainframes for delivery later this year."