Steve Milunovich
Steve Milunovich
compared earnings easier economy expecting half last percent profits second start tech tough year
We're expecting a pretty tough first half of the year -- tech profits will be up about 10 percent this year compared to 30 percent last year, ... But by the second half of the year, the economy may brighten, earnings comparisons are easier and we could start to see an easier tech tape.
direction factor pointing swing
That is a swing factor for them going forward. And it's pointing in the right direction for them.
fifth
Then again, Lou Gerstner was IBM's fifth choice.
disclosure financial increased paints position positive somewhat
In fact, increased disclosure paints IBM's financial position in a somewhat more positive light.