ibm earnings announcement

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IBM announced 3rd quarter earnings.


http://www.investor.ibm.com/investor/3q01/3q01earnings.phtml

An excerpt:

Hardware revenues declined 21 percent (18 percent at constant currency) to $7.5 
billion from the 2000 third quarter. Revenues from z900 mainframe servers grew 
strongly.

Revenues from the iSeries mid- market servers increased in all geographic areas,

 while pSeries revenues declined in part because customers were awaiting the 
new high- end "Regatta" servers, which were announced in early October. 
Personal computer revenues fell significantly, reflecting continued weakness 
and price pressures in this market. Revenues from IBM's high- end storage 
product family - - known as "Shark" - - increased year over year. 
Microelectronics revenues decreased substantially, as expected, principally due 
to the cyclical downturn that is affecting the worldwide semiconductor and OEM 
markets.

Software revenues grew 10 percent (14 percent in constant currency) to $3.2 
billion compared to the prior year's third quarter. Middleware revenues, which 
comprise approximately 80 percent of IBM's overall software revenues, grew 18 
percent at constant currency and operating system revenues increased 3 percent 
year over year. WebSphere revenues increased 75 percent, MQ Series revenues 
more than doubled and DB2 revenues climbed 31 percent (excluding revenues from 
the acquisition of the Informix database business, which was successfully 
completed in the third quarter).



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