There is growing confidence on Wall Street that whatever may be around the corner in the way of recession, IBM will be able to turn in bumper fourth quarter figures on the back of strong demand for its new products in the otherwise lacklustre US market: Jay Stevens at Dean Witter Reynolds says that orders have been spectacular – with US orders up 10% and worldwide up 30% to 40% in the third quarter after only small gains in the first and second quarters – and net profit could be 20% up on the $2,090m of a year ago.
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