medea
Jul 18, 2003, 02:33 PM
IBM's new $3 billion microchip factory was supposed to bring the company efficiency and profit. Instead, it is giving the technology leader a headache.
Demonstrating the risk of huge investments in advanced chip-making tools, International Business Machines Corp.Wednesday cited production problems at the gleaming chip plant in East Fishkill, New York, as a reason why its microchip business would lose money this year.
IBM shares fell almost 5 percent Thursday, in part because of that disappointing disclosure in IBM's second-quarter earnings released on Wednesday evening. IBM met analyst profit expectations.
Full Story: http://www.forbes.com/home_asia/newswire/2003/07/17/rtr1028596.html
Demonstrating the risk of huge investments in advanced chip-making tools, International Business Machines Corp.Wednesday cited production problems at the gleaming chip plant in East Fishkill, New York, as a reason why its microchip business would lose money this year.
IBM shares fell almost 5 percent Thursday, in part because of that disappointing disclosure in IBM's second-quarter earnings released on Wednesday evening. IBM met analyst profit expectations.
Full Story: http://www.forbes.com/home_asia/newswire/2003/07/17/rtr1028596.html
