John Paczkowski

Recent Posts by John Paczkowski

IBM Beats Street

images-1Investors hoping IBM’s latest financials would keep the tech rally alive seem to have gotten their wish. Reporting fourth-quarter earnings after the close of trading Tuesday, Big Blue posted a profit of $4.8 billion, or $3.59 a share, on $27.23 billion in revenue.

Analysts surveyed by Thomson Reuters had expected IBM (IBM) to earn $3.47 a share on revenue of $26.96 billion.

“We concluded a strong year with a solid performance in the fourth quarter in which we again delivered growth in margins, profit and earnings,” IBM CEO Sam Palmisano said in a release. “IBM continued to benefit from our strategic transformation, offerings that our clients value in this economy, and our commitment to developing countries around the world.”

Looking ahead, IBM said it now expects a profit of at least $11 a share in 2010 compared with a previous target of $10 to $11 per share.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work