IBM (IBM: 126.96 -0.58 -0.45%) announced another round of layoffs last week. This time 2,800 people.
IBM did say that the slowdown was confirmed to North America and Europe, and went on to crow out how strong its business in Brazil, India, and China still is.
“We had very, very good growth in Brazil, at growth of 17%. If you looked at India, we’re up 30%, another very, very powerful quarter. China came back from the impact that we saw from the Olympics with growth of 9%.”
- China, Brazil, India growin millionaires According to a new study from Merrill Lynch, there are 6% more millionaires today than there were a year ago....
- Asia drives IBM sales IBM reported its Q1 results last night and fooled the Wall Street crowd into believing that business is great. I...
- Hewlett Packard loves China, India Hewlett Packard saw its quarterly revenues increase by 11% in Q2. But get this: sales in North America increased by...
{ 0 comments… add one now }