WALL STREET DROOPS ON IBM’s 50% QUARTERLY PROFIT HIKE

IBM Corp yesterday reported fourth quarter profits up over 50%, but the figures hid a can of worms for the company and the immediate reaction on Wall Street was to mark the shares down.

IBM Corp yesterday reported fourth quarter profits up over 50%, but the figures hid a can of worms for the company and the immediate reaction on Wall Street was to mark the shares down.