IBM says Notes sales helped good quarter

Hi-tech stocks may be failing but the fiscals of industry leaders continue to look solid. IBM continued that trend by posting a better than expected first quarter, and said that the enterprise-wide success of products like Lotus Notes and Tivoli had helped.

Big Blue profits leapt to $1.2 billion, up from $774 million a year earlier, on revenues of $17.3 billion, up from $16.6 billion.