Merrill Lynch Takes a Closer Look at IBM’s Server Sales in Q1
April 23, 2007 Timothy Prickett Morgan
When it comes to server sales, the first quarter is never a particularly fun one for IBM. For IBM’s historical and IT budgetary reasons–it is hard to say which one is the chicken and which one is the egg in that situation–companies with enterprise systems have tended to do a lot of their shopping in the latter half of a year, particularly as the year is ending and budget funds will evaporate if they are not spent. Similarly, having shot their budgets in Q4, they are not in a position to consume more gear in Q1, so they tend |