Intel, IBM shares hit by slow sales

Europe's financial woes resulted in slow sales growth at these two computer giants in the last quarter, Bloomberg News reports

18th April, 2012
IBM and Intel see slow sales growth.

Intel and International Business Machines (IBM), two of the computer industry’s biggest bellweathers, posted the slowest sales growth in years as the European slump weighed on orders in the last quarter.

IBM’s revenue climbed 0.3 percent to $24.7 billion in the period, while Intel sales rose 0.5 percent to $12.9 billion.

That was the smallest increase for either company since the third quarter of 2009, when the US economy was just emerging from recession. Even...

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