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IBM MID-RANGE SET FOR GROWTH THIS QUARTER

Merrill Lynch & Co reports IBM Corp’s AS/400 revenue was off about 13% in its third quarter despite first shipments of the new electronic commerce-oriented AS/400e. RS/6000 revenue was flat with the PC business showing growth of 5%. Server units doubled and desktop sales were up almost 15%. Consumer and mobile sales were down. IBM told Merrill Lynch midrange product transitions can take multiple quarters and as a result the AS/400 and RS/6000 businesses are expected to show growth this quarter.

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CBR Staff Writer

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