International Business Machines said Friday that its first-quarter profit rose 3.1%, a showing that exceeded only the most bearish of analysts' forecasts.
The company said it was the first to begin volume production of the 1-megabit memory chip, and the first to put them in mainframe computers.
Under the contract, International Business Machines will replace the current computer system in 20 air traffic control centers.
years chiefly on the strength of its orders from IBM, announced Monday that IBM will not renew its contract at year-end.
MCI Communications and International Business Machines signed a definitive agreement for MCI to buy substantially all of the assets and operations of IBM's Satellite Business Systems.
The New York-based firm declined to say by how much it expects its first-quarter earnings to trail those of a year earlier.
The printers produce graphics and near letter-quality text for personal computers, the firm said.
Four years ago, and just days after IBM released its new desk-top business computer, three young
Satellite Business Systems, 60% of which is owned by IBM--in a complex transaction announced Tuesday.
PDA Engineering said Thursday that it has temporarily halted shipments of PATRAN software for IBM
Customers are up in arms over news that Clifton's Cafeteria in Century City Shopping Center expects to close its doors.
The computer maker said it will not replace Arthur Northrop, who resigned Dec. 31, 1985.
International Business Machines Corp. said it will free 2,000 people for direct sales and support by having the headquarters staff of its information systems group consolidate some work now done by headquarters staffs of the group and its two direct sales divisions.
International Business Machines Corp., suffering through a sluggish economy and weak demand for its computers, announced today new retirement incentives for its U.S. work force.
IBM's unusual first-quarter decline in earnings will be more than offset by a surge in profits as the year unfolds, the company promised shareholders at its annual meeting Monday.
At the same time, the company cut prices of existing XTs and most of its basic personal computers.
The company said its biggest customer quit buying certain types of disk drives sooner than expected.
American farmers, swelling with pride, have called the Midwest's amber grainfields the world's breadbasket since their advanced cultivation methods helped them coax the U.S. share of world grain exports to a remarkable 50% in the early 1970s.
followed in early 1985 amid profit taking and a decline in the price of a key blue-chip issue, IBM.
The company confirmed that it is providing dealers with free software to accompany certain of its personal computers.