And the stock was down after the report :-( Regards, Richard Schuh
> -----Original Message----- > From: The IBM z/VM Operating System > [mailto:[email protected]] On Behalf Of Neale Ferguson > Sent: Tuesday, January 20, 2009 8:39 PM > To: [email protected] > Subject: IBM 4Q > > Some encouraging news from IBM with its 4Q results. System z > fell year-to-year but not by much: > > Fourth-Quarter 2008: > > Diluted earnings of $3.28 per share, up 17 percent; Net > income of $4.4 billion, up 12 percent; Gross profit margin of > 47.9 percent, up 3 points; Revenue of $27.0 billion, impacted > by strong U.S. dollar, down 6 percent, down 1 percent > adjusting for currency; Software revenues up 3 percent, up 9 > percent adjusting for currency; pre-tax income up 15 percent; > Global Technology Services revenue down 4 percent, up 3 > percent adjusting for currency; pre-tax income up 35 percent; > Global Business Services revenues down 5 percent, flat > adjusting for currency; pre-tax income up 26 percent; > Services signings of $17.2 billion, 24 deals greater than > $100 million; Strategic outsourcing signings up 20 percent > worldwide, up 44 percent in North America. > > : > : > > ³Revenues from the Systems and Technology segment totaled > $5.4 billion for the quarter, down 20 percent (16 percent, > adjusting for currency). Systems revenues decreased 18 > percent (14 percent, adjusting for currency). Revenues from > the converged System p server products increased 8 percent > compared with the 2007 period. Revenues from System z > mainframe server products decreased 6 percent compared with > the year- ago period. Total delivery of System z computing > power, which is measured in MIPS (millions of instructions > per second), increased 12 percent. Revenues from the System x > servers decreased 32 percent, and revenues from the legacy > System i servers decreased 92 percent. Revenues from System > Storage decreased 20 percent, and revenues from Retail Store > Solutions decreased 28 percent. Revenues from > Microelectronics OEM decreased 34 percent.² >
