IBM beats off.

No tissue paper. Not even a dirty magazine.

Yes… but it’s their future earnings which are at risk. Companies are not spending anymore

So it was a CUT FORECAST Sales increased 5 percent to $25.3 billion but fell short of Wall Street’s expectations. Excluding the effects of currency fluctuations, IBM’s sales increased 2 percent. Analysts were expecting sales of $26.5 billion, but analysts had started lowering their estimates ahead of the unexpected announcement Wednesday. They cited the deteriorating economy and a strengthening U.S. dollar as reasons for cutting their forecasts.