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More on IBM:  Company expects 2012 EPS of $14.85, slightly above $14.82 consensus. Americas...

More on IBM:  Company expects 2012 EPS of $14.85, slightly above $14.82 consensus. Americas revenue +2% Y/Y, EMEA +1%, Asia-Pac +2% - all growth rates down notably from Q3 levels. Services revenue +3% Y/Y, backlog stood at $141B - up $4B Q/Q, but down $2B Y/Y. Software revenue +9% Y/Y. But hardware revenue fell 8%, thanks to a 31% drop in mainframe revenue. Free cash flow was $9B, up $300M Y/Y. IBM +3.2% AH. (PR)
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