How chips, PCs, services companies are faring
Wednesday, October 19, 2011
A look at how selected companies providing computers, components, services and related software are faring:
Monday: IBM beat analysts’ net income forecasts for the third quarter and raised its earnings outlook for the full year thanks to the success of its software and services businesses. However, IBM slightly missed on the revenue forecast, reviving questions about the company’s ability to bring in enough new business to fuel its expected growth. It comes as some analysts fear that corporations and government agencies may spend less on IBM products and services if the economy remains weak.
Tuesday: Apple Inc. had no new iPhone or iPad release during the quarter. As a result, laptops were Apple’s strongest category. Sales were up 30 percent from the previous quarter thanks to the release of a new operating system, Lion. Total Mac sales set an all-time record at 4.9 million.
Intel Corp.’s results offered some comfort for investors jittery about the weak state of the global computer market. Net income rose 17 percent and revenue rose 29 percent, topping Wall Street targets. Intel CEO Paul Otellini credited stronger sales of processors for laptop PCs and servers.
EMC Corp., the world’s largest maker of data storage computers, says strong worldwide demand for its cloud computing and data storage products and services contributed to a 28 percent growth in net income.
Wednesday: Western Digital Corp.
Thursday: Microsoft Corp., Seagate Technology PLC
Oct. 24: Texas Instruments Inc.
Oct. 25: Xerox Corp.
Oct. 27: Advanced Micro Devices Inc.
Nov. 2: Qualcomm Inc.
Nov. 21: Hewlett-Packard Co.
Unscheduled: Dell Inc., Lenovo Corp., Nvidia Corp.