Thursday, October 09, 2008

IBM Shows Solid Profit, Signaling a Bright Spot - WSJ.com

Positive business news -- very unusual lately...

International Business Machines Corp. reported better-than-expected earnings for its third quarter, although revenue growth slowed from previous quarters.

The earnings, released unexpectedly after the close of the New York Stock Exchange, gave the company's shares a boost in after-hours trading Wednesday evening after a dismal day of activity on Wall Street, and could provide support for a market that has been buffeted by the financial crisis and ebbing economic confidence.

IBM Shows Solid Profit, Signaling a Bright Spot - WSJ.com

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