IBM posts strong Q4 results, no layoffs announced

21.01.2009
The story "IBM posts strong Q4 results, no layoffs announced," which ran on the wire Tuesday, referred incorrectly to "revenue of US$3.28 per share" in the lead. It should have read "earnings of US$3.28 per share."

The first paragraph of the story on the wire has been corrected and now reads:

IBM on Tuesday reported fourth-quarter fiscal 2008 earnings of US$3.28 per share, a 17 percent increase year-over-year, but said total revenue for the quarter dropped 6 percent to $27 billion.