INTERNATIONAL BUSINESS MACHINES CORP <IBM> NET
1st qtr
    Shr 1.30 dlrs vs 1.65 dlrs
    Net 785 mln vs 1.02 billion
    Gross income 10.68 billion vs 10.13 billion
    Avg shrs 604.6 mln vs 615.6 mln
    NOTE: Pretax net 1.34 billion vs 1.83 billion.
    Sales 6.50 billion vs 6.10 billion, maintenance gross
income 1.95 billion vs 1.77 billion, program products gross
income 1.40 billion vs 1.15 billion and rentals and other
services 825 mln vs 1.10 billion.
 Reuter
