Voices

Moffat Viewed as "Classic IBM Executive"

Within International Business Machines Corp., Robert W. Moffat Jr. was known as a “quintessential IBMer,” rising to Big Blue’s top echelons by relentlessly cutting costs to boost profits. To the rest of the world, he is becoming known as one of the highest-ranking executives to be embroiled in an insider-trading scandal since Wall Street was rocked by such schemes in the 1980s.

Thank God for IBM

Finally, some good news… After market close Tuesday, IBM reported a fiscal fourth-quarter profit that rose 12 percent year over year and said it expects earnings for 2009 to surpass current estimates. IBM believes it will earn at least $9.20 a share in 2009, while analysts have been betting on $8.75.