IBM charge

IBM Chief Executive Officer Sam Palmisano said operating earnings at the world’s largest provider of computer services will increase to at least $20 a share by 2015 from $11.35 or more this year, helped by cost savings and software demand.
Guy Adami said on CNBC's "Fast Money" TV show said the trade going forward is in tech, especially IBM(IBM), which he said stood for "Investors Buying More." He said the company, whose CEO is projecting $15 in earnings per share in 2015, is doing "everything right."
Cisco Systems, the biggest maker of networking equipment, reported third-quarter profit that topped analysts’ estimates after corporate customers added gear to handle surging video and Internet traffic.
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5/12/2010 4:05 PM