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Tech Industry

Earnings parade: Intel beats, IBM falls in line

Following a string of worrisome financial news, some tech heavyweights come out with good and bad news for the third quarter.

 

  latest developments 

Following a string of worrisome financial news, some tech heavyweights come out with numbers for the third quarter. Closely watched Intel meets revised numbers yet says fourth-quarter earnings may be disappointing. IBM earnings fall in line with expectations, yet revenue figures are less than expected.

 


IBM reports earnings in line; sales sag
update Although the company meets earnings expectations, revenue numbers show Big Blue still has a ways to go to recover sales momentum after three difficult quarters.

Intel beats, but lowers views for next quarter
update The chipmaker says revenue will grow by 4 percent to 8 percent sequentially in the fourth quarter, lower than expected for the traditionally strong holiday period.

Handspring skips past analyst estimates
update Handspring posts a narrower-than-expected quarterly loss and predicts that sales in the current quarter will top earlier estimates.

RealNetworks doubles revenue, meets estimates
RealNetworks, which makes software for playing audio and video broadcast over the Internet, posts higher quarterly profits as revenue almost doubles.