IBM stumbles on 1Q sales dip; profit beats Street

(AP) -- IBM Corp.'s first-quarter results slipped as all its major business units suffered declines, but the company backed its bullish outlook for 2009 on Monday, reflecting its belief that a broad mix of services and software will help it weather the recession.

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<p><a href="http://www.physorg.com/news159463926.html">IBM stumbles on 1Q sales dip; profit beats Street</a></p> <p>(AP) -- IBM Corp.'s first-quarter results slipped as all its major business units suffered declines, but the company backed its bullish outlook for 2009 on Monday, reflecting its belief that a broad mix of services and software will help it weather the recession.</p>