Now it's IBM overwhelming the cynics

First it was Intel overwhelming the bearish cynics and purveyors of crisis, gloom, and recession, and now IBM delivers solid financial results. Sure, the U.S. economy is on the edge of recession, but so much of that is related to housing and Wall Street finance. Besides so many tech companies get a large fraction of their business from overseas and growth in emerging markets is still booming.

The message is clear: Don't count tech out just because other sectors of the U.S. economy have faltered in recent months.

-- Jack Krupansky