IBM to add jobs

FRAMINGHAM (10/17/2003) - IBM Corp. plans to add 10,000 new jobs next year, according to CEO Sam Palmisano. The new positions will be in key skill areas that include services, middleware technologies, Linux and open-standards-based hardware and software, Palmisano said in a statement that announced the company's third-quarter earnings. Carried by growth in its software and global services businesses, IBM reported revenue of US$21.5 billion, 9 percent higher than last year's $19.8 billion third-quarter total.

"We are beginning to see signs that the economy has stabilized," Palmisano said. While product demand isn't yet up across the board, customers are expected to increase IT investments in 2004. "Although it is too early to say that a rebound is at hand, we are confident that we will benefit from both a pickup in IT spending and an economic recovery," Palmisano said.

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