January 17, 2002

IBM fourth-quarter profit falls 13%

Author: JT Smith

Bloomberg.com reports that IBM's ourth-quarter profit fell 13 percent on
lower revenue from personal computers and custom chips. Its shares fell on the news. Net income was $2.33 billion for the quarter ended Dec. 31, or
$1.33 a share, down from $2.67 billion, or $1.48 a share, a year earlier.


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