Strong Earnings at IBM, Intel, Sun Hint at Tech Recovery

IBM, Intel, and Sun posted robust earnings in the most recent quarter, leading some analysts to again ponder whether the tech industry is slowly pulling out of its slump. Intel reported record earnings of $2.17 billion on sales of $8.74 billion, more than doubling its take from the same quarter a year ago. IBM earned $2.7 billion on revenues of $25.9 billion. And although Sun continued to lose money, its loss was far less than expected: The company reported a $125 million loss on sales of $2.89 billion, far better than its $2.28 billion loss a year ago

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