Tuesday, January 22, 2013

IBM: IBM (IBM +0.3%) is barely moving ahead of...

12:36 PM IBM (IBM +0.3%) is barely moving ahead of today's Q4 report. Shares have largely gone sideways after slumping in October thanks to a big Q3 revenue miss caused by soft hardware and services sales, Deutsche's Chris Whitmore predicts hardware sales will rise 1% Y/Y after falling 13% in Q3, thanks to refreshes to Big Blue's Power7 and PureSystems server lines. Software is seen growing 4.5% (-1% in Q3), but services bookings are a worry following a dearth of high-profile deal announcements. Outsourcing rival Infosys recently delivered a strong FQ3 report. Read comments

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