In sharp contrast to their brethren, IBM and Apple Computer, who saw their share of troubles in the 1990s, posted upbeat financial results Wednesday. Hewlett-Packard, meanwhile, issued an earnings warning but said business may be hitting bottom.
Most corporations are in the midst of cutting back.
But he argued that the company's diversification, especially consulting services and microelectronics, helped. While many of our competitors followed the dot-com mania and are struggling. IBM is stronger than ever. The only disappointment, analysts say, was that mainframe growth was not as high as expected. Apple Computer .