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IBM Surges After First Quarter Profit Gain
IBM posted a 5.2 percent rise in first quarter profit and analysts expect improved 1982 prospects. With about 593 million shares valued near $38 billion, concerns over antitrust litigation, a stagnant dividend, and a strong dollar weighed on performance from 1978 to 1981. Some anticipate a dividend increase by late 1982 or early 1983 as earnings growth continues.
MENTIONED IN THIS ARTICLE
New York
International Business Machines Corp
IBM
A.G. Becker Inc
George Elling
Bear, Stearns & Co
U.S
Becker
Stephen C. Dube
Dean Witter Reynolds Iinc
John R. Opel