Rather than the typical buzz about Internet Start-ups today, the tech sector was filled with optimistic predictions for the old regime of Intel (NASDAQ: INTC), Apple (NASDAQ: AAPL) and IBM (NYSE: IBM). All three companies are expected to see active trade during Wednesday’s session.
Intel Corp. (NASDAQ: INTC) surpassed analyst expectations, revealing first-quarter earnings improved by 29 percent. The jump in earnings is explained by corporate demand for new computers. The numbers are heartening for Intel , which has taken a beating as many analysts anticipated smartphones, tablets or alternatives to occupy a larger percentage of market share. Intel’s improvements in the competitive and increasingly mobile world of computers, bodes well not only for this quarter, but for the future. Today’s earnings report seems to say “desktops aren’t dead yet.” Nor are laptops, which Intel also sells and have been threatened by the emerging and increasingly cost effective tablet market.
Speaking of the tablet market, Apple (NASDAQ: AAPL), the maker of the first and still most popular tablet, the Ipad was up 0.47 percent in trading today and is expected to have an even better day tomorrow provided the company reports second-quarter earnings of $5.37 a share as predicted by a consensus survey.
IBM Corp. has also been in the news. Today, the company reported net income and revenue exceeding expectation for the first quarter bolstered by the weak dollar and impressive show from its hardware division. Wednesday’s activity can be expected to be influence both by today’s reports and the company’s decision to increase its full-year forecast for operating earnings by 1 percent.Net income for IBM grew by 10 percent to $2.86 billion, or $2.31 per share from the year ago period.
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