Actually, since the announcement was after the close on the NYSE yesterday,
it wasn't down. In fact, as of noon EST today, the stock is up $7.31.
Marty
> -----Original Message-----
> From: The IBM z/VM Operating System
> [mailto:[email protected]] On Behalf Of Schuh, Richard
> Sent: Wednesday, January 21, 2009 12:01 PM
> To: [email protected]
> Subject: Re: IBM 4Q
>
> 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
> >
