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Thursday, May 14, 2009

IBM expects to beat 2010 views

The computer giant said it is still targeting 2010 EPS of $10-$11, above views of $9.95, thanks to its high-margin offerings and global reach. IBM (IBM) has been shifting away from commodity hardware to focus on higher-margin software and services. IBM's Q1 sales fell 11% from a year ago, but cost cuts helped buoy profit. Shares fell 2%.
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Posted by Senor Marquez at 8:54 AM

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