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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.

CNET News staff
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.

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