Tech titans Intel, IBM cite soft 4th-quarter revenue

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  01 January 2006
Tech titans Intel, IBM cite soft 4th-quarter revenue

"Tech giants Intel (INTC) and IBM (IBM) reported disappointing fourth-quarter revenue Tuesday, getting the corporate earnings season off to a dismal start.
Intel, the world's largest chipmaker, reported revenue of $10.2 billion, below its own estimate of $10.4 billion to $10.6 billion.

IBM, which sells everything from computer components to consulting services, reported revenue of $24.4 billion. That was well below the $25.5 billion Wall Street analysts on average had expected. After hours, IBM shares were unchanged at $83.

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  01 January 2006
intel misses its projection by less than 4%, IBM misses by less than 3%. although the sums are large, less than 5% deviation from a forecast hardly seems much to get upset over.
  01 January 2006
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