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Despite IBM profits, tech gloom still looms

Published October 11, 2008, 11:12 pm, Independent Online

Even after IBM surprised Wall Street with a healthy profit in the third quarter the broader technology sector has taken a dive again.

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October 8th

IBM releases earnings early; affirms outlook, shares up - MarketWatch: IBM Corp., bucking the global panic that has gripped markets and technology shares, surprised Wall Street Wednesday evening by releasing its earnings early, reporting a 20% gain in net income, and reaffirming its forecast for the year.