HUGE: Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks. — Reuters
SAN FRANCISCO: Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.
The two companies, both barometers of their respective industries, posted March-quarter results on Wednesday that missed Wall Street's revenue targets, and their shares fell in after hours trade.
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