IBM Monday reported sales of $20.1 billion, or 79 cents per share, for the first quarter 2003 ended March 31, missing Wall Street's consensus by one cent.

Thomson Financial/First Call had predicted earnings of 80 cents per share. Still, IBM executives sought to emphasize the quarter's 11 percent growth in sales over the year-ago period, which included a quarterly profit of $1.4 billion....

http://www.crn.com/....

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