IBM's stock took a drubbing Tuesday as word of an unexpected softening in the company's strong overseas business overshadowed IBM's long-awaited introduction of a new family of business computers and fueled forecasts of even lower third-quarter earnings than Wall Street has predicted.
International Business Machines said Monday that it has agreed to buy specially designed computer chips from Intel Corp., a move that analysts said would frustrate makers of the so-called clones that have been cutting into IBM's personal computer sales.
IBM will move its 450-employee Westlake Village operation to larger facilities in Boulder, Colo
Although Charlie Chaplin may have been a man of the people, IBM apparently thinks his "Little Tramp" character belongs to the company.
IBM, which has been losing ground in the marketplace to a wave of cheap copies of its personal
Stocks took their cue from one of the market's bellwether issues, IBM, and skidded to another broad loss Wednesday.
A sharp decline in one of Wall Street's leadership issues, IBM, led the stock market to a broad
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.
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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