IBM: Goldman Lowers IBM's Earnings Estimates - TheStreet

Goldman Sachs

this morning lowered

IBM's

(IBM) - Get Report

fourth-quarter estimates to $1.50 from $1.53 a share and moved fiscal 2000 estimates to $4.45 to $4.50 a share.

Analyst Laura Conigliaro attributed the revisions to weakening currency exchange rates.

Discounting the negative impact of the exchange ratios, Conigliaro upped her third-quarter growth estimate to 10.3% from 9.7% due to the strength in semiconductors, Unix servers and disk storage.

IBM was lately off $2.88, or 2.22%, to $126.63