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JUL 18, 2013 - New Statesman

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IBM and Intel net earnings decline in second-quarter

Revenues of the two tech giants also slip.Technology giant IBM and chipmaker Intel Corporation have posted a fall in net income for the second-quarter of 2013. Intel reported a net income of $2bn for the second-quarter ended 29 June 2013, a decline of 29 per cent compared to $2.82bn for the same period last year. Net revenues also declined to $12.81bn (2012: $13.5bn), while operating income was $2.71bn (2012: $3.82bn). During the quarter, revenues of Intel’s PC client group, and data center group fell by 7.5 per cent and 6.1 per cent year-over-year to $8.1bn and $2.7bn respectively. ... Read More

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