By Philipp Gollner 23 minutes ago SAN FRANCISCO (Reuters) - IBM (IBM.N) posted stronger-than-expected quarterly results on Wednesday and raised its 2008 outlook, boosting shares 3 percent and sending a bullish signal about technology earnings in the face of a weak U.S. economy.International Business Machines Corp's technology services, consulting and software revenues were particularly strong and investors breathed a collective sigh of relief a day after microchip maker Intel also gave a rosy outlook for the year.
"This is great for the Street, great for technology. IBM is a bellwether for global technology issues, especially the services area," said Ted Parrish, co-portfolio manager at Henssler Equity Fund.
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