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Outlook: Technology companies have curbed spending and are still trying to absorb excess capacity.
Outlook: Technology stocks continue to lead the major market indexes lower.
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Outlook Technologies are being developed and implemented to help reduce CO2 and methane release by, for example, genetic engineering.
The results, analysts said, were unlikely to reassure investors concerned about the global outlook for technology spending.
A weaker earnings outlook for technology and financial companies dragged down stock indexes on Wednesday, overshadowing speculation that the Federal Reserve would take steps to bolster the economy.
Still, the profit outlook for technology companies — and most other companies — is dimming somewhat as growth slows, especially in Europe and the United States.
The results, analysts said, were unlikely to reassure investors concerned about the global outlook for technology spending, Steve Lohr reports in The New York Times.
But the company's executives delivered a cautious outlook for technology spending in the corporate market for computer hardware, software and services.
The Nasdaq composite index fell 28.75, to 2,624.52, in part because of continuing concerns about the profit outlook for technology companies.
Yet some analysts said I.B.M.'s results, while an encouraging performance by the company, left lingering doubts about the outlook for technology spending.
Hewlett-Packard executives were very guarded in their comments on the outlook for technology spending, and when it might pick up.
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