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July 15, 1987

CORRECTION: IBM PROFITS ROSE IN FIRST QUARTER 1985

By CBR Staff Writer

Correction: IBM had one brief interlude in its depressing string of down quarters, in the first quarter of 1985, when net profits rose 3.1% (CI No 412), so the company has suffered five straight quarters of falling profits, and nine out of the last 10 were down (CI No 724).

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