Results at I.B.M. And Sun Offer Signs of Recovery

Article Abstract:

IBM and Sun Microsystems have issued financial reports that show strong gains. IBM's news helped its stock price rise $3.71 to $94.02. IBM has remained focused on the corporate technology market since businesses provide two-thirds of the spending in information technology, as indicated by $17 billion in new contracts and an increase to $25.9 billion in fourth-quarter revenues. Sun's gains in contrast revolved around its progress in reducing its second-quarter loss to $125 million compared to the $2.28 billion loss a year ago in the same quarter. Revenues increased 13.9% from the first-quarter, the first time a first-to-second gain has occurred since 1998.

Sales, profits & dividends, Computer industry, Economic aspects, Microcomputer industry, International Business Machines Corp., IBM, Sun Microsystems Inc., SUNW, Company sales and earnings, Company earnings/profit, Economic recovery

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A Technology Recovery in Post-Exuberant Times

Article Abstract:

International corporate spending on information technology has gone up approximately 5 per cent in the past year. According to technology research firm, IDC, the growth trend will continue.

General services, Forecasts, trends, outlooks, Sales & consumption, Facilities & equipment, Computer and Data Processing Services, Corporations, Industry Overview, Equipment and supplies, Computer services industry, Information technology services industry, Company systems management, Information management, Industry sales and revenue, Industry forecasts

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