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IBM earnings key to market

IBM hits a new 52-week high as it gears up to report third-quarter earnings that analysts say should get a boost from the company's mainframe business.

The stock market's fickle run of late--bullish one day, bearish the next--has investors watching the most recent quarter's earnings reports particularly closely. IBM hit a new 52-week high as it geared up to report third-quarter earnings that analysts say should get a boost from the company's mainframe business. But mainframes are a small sector, and how the market will react is far from certain.

Mainframes to drive IBM earnings
Big Blue hits a new 52-week high as it gears up to report third-quarter earnings that analysts say should be strong.

TI earnings beat expectations
Texas Instruments reports third-quarter earnings that surpass Wall Street expectations and projects a stable performance in its fourth quarter.

Sybase reports mixed results
The database software maker reports better-than-expected third-quarter earnings but lower revenues and a sharp dip in licensing fees.

Trial casts doubt on Microsoft stock
Analysts expect the software giant to meet expectations when it reports earnings tomorrow, but the antitrust suit it is battling could affect its stock.

Ascend beats estimates by a cent
The networking equipment firm beats estimates for its third quarter by a cent, exhibiting continued strength in its core service provider business.

GTE revenues up on services
The telco sees its profits rise 8.7 percent as demand for services offsets the costs of building its data business.

Busy day for tech earnings
Western Digital, Network Associates, Onsale, CompuWare, and Citrix report earnings.