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Despite Healthy 3Q, Analysts Fear Trouble for IBM into '09 -- Tech Giant, Rest of Sector Take Another Beating

By Jordan Robertson SAN FRANCISCO - Even after IBM Corp. surprised Wall Street with a healthy profit in the third quarter and a reaffirmation of its earnings outlook for the rest of the year, the broader technology sector dived again Thursday.

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IBM sells $3.9 billion in corporate bonds

NEW YORK -- IBM Corp. sold $3.9 billion in bonds on Thursday, a sign that the stalwarts of the corporate world are still finding lenders.

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Earnings Outlook: Stability seen from full IBM earnings report

SAN FRANCISCO (MarketWatch) - IBM Corp. took most of the surprise out of its third-quarter earnings announcement when the company delivered better-than-expected results more than a week ahead of its scheduled report.

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Despite IBM profits, a tech gloom still looms

Even after IBM Corp. surprised Wall Street with a healthy profit in the third quarter and a reaffirmation of its earnings outlook for the rest of the year, the broader technology sector dived again Thursday. There's just not enough of what lifted IBM to go around.

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Despite IBM profits, a tech gloom still looms

SAN FRANCISCO -- Even after IBM Corp. surprised Wall Street with a healthy profit in the third quarter and a reaffirmation of its earnings outlook for the rest of the year, the broader technology sector dived again Thursday. There's just not enough of what lifted IBM to go around.

+Vote!

IBM sells $3.9 billion in corporate bonds

NEW YORK -- IBM Corp. sold $3.9 billion in bonds on Thursday, a sign that the stalwarts of the corporate world are still finding lenders.

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IBM sells $3.9 billion in corporate bonds

IBM Corp. sold $3.9 billion in bonds on Thursday, a sign that the stalwarts of the corporate world are still finding lenders. "The markets were open to us at this time, so we decided to enter," said IBM spokesman Doug Shelton. He added that it was an opportunity to cover pending maturities as the company enters the fourth quarter and approaches the new year. Late Wednesday, the Armonk, N.Y.-based...

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Ultratech gains IBM's annealing patents

Ultratech Inc. has acquired the rights to several patents from IBM Corp., including technology that involves rapid thermal annealing.

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Tech Stocks: IBM results breathe some life into tech stocks

Technology stocks begin to show some weakness even as sector bellwether IBM Corp. offers a strong earnings announcement and reports arise about new efforts from central banks to unlock the international credit markets.

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IBM preannounces 3Q results; beats estimates

IBM Corp. released third-quarter results ahead of schedule Wednesday that beat Wall Street's estimates, sending the company's stock, a component of the Dow Jones industrial average, up 6 percent in after-hours trading.

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IBM profit news can't buoy tech sector

Even after IBM Corp. surprised Wall Street with a healthy profit in the third quarter and a reaffirmation of its earnings outlook for the rest of the year, the broader technology sector dived again Thursday. There's just not enough of what lifted IBM to go...

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Despite IBM profits, a tech gloom still looms

(AP) -- Even after IBM Corp. surprised Wall Street with a healthy profit in the third quarter and a reaffirmation of its earnings outlook for the rest of the year, the broader technology sector dived again Thursday. There's just not enough of what lifted IBM to go around.

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Stocks appear headed for strong open on strong IBM

Wall Street appeared headed for a strong open Thursday after IBM Corp. reaffirmed its profit outlook and investors hoped that the selling that cascaded through global markets a day earlier was overdone.

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IBM preannounces 3Q results

IBM Corp. announced its third-quarter results earlier than expected Wednesday, and the company beat Wall Street's profit estimate and reaffirmed its full-year 2008 guidance. The stock, a component of the Dow Jones industrial average, gained nearly 4 percent in after-hours trading on the news.

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IBM preannounces 3Q results

IBM Corp. announced its third-quarter results earlier than expected Wednesday, and the company beat Wall Street's profit estimate and reaffirmed its full-year 2008 guidance. The stock, a component of the Dow Jones industrial average, gained nearly 4 percent in after-hours trading on the news.