While much of the tech sector is bemoaning a sluggish economy, Big Blue sees blue skies ahead. IBM on Wednesday announced positive preliminary earnings for the third quarter of 2008.
IBM said earnings per share were at $2.05 for the quarter, up 22 percent from the same period last year. Net income rose 20 percent to reach $2.8 billion, while revenue rose 5 percent to $25.3 billion.
"It is very nice to see some positive news, not just for IBM but for--to a degree--the tech space overall, given the downdraft we have seen in recent weeks,&… Read more