Computers, Quarterly Earnings | featured news

A rare earnings miss for IBM tugged the Dow Jones industrial average lower on Friday, while the rest of the market headed toward slight gains after a turbulent week. Quarterly earnings for the country's largest provider of computer services fell short of forecasts for the first time since 2005.Read more on NewsOK.com

IBM led the worldwide server market in Q2 2011 with a 30.5% market share, topping HP which fell to the second position after its market share dropped to 29.8%, down 1.7 percentage points from Q1 2011.

The company revised its forecast for the current quarter, indicating worries about the impact of the Japan earthquake, softness in sales of PCs and lower operating profits in its services unit.

Advanced Micro Devices posted a 40% jump in second-quarter revenue on strong demand for chips used in laptop computers, though the company posted a net loss due to costs associated with a manufacturing spinoff.

Dell's quarterly profit improved 52% as shipments jumped and revenue grew in each product segment, although margins again fell.

Shares of Intel Corp rose 2.6 percent to $23.35 in extended trading on Tuesday after the company reported its first-quarter results.