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IBM : Help Wanted! - 8/13/2004 8:05:07 PM   

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In the wake of a few high-profile firings at rival Hewlett-Packard (NYSE: HPQ), a weaker outlook at Cisco (Nasdaq: CSCO), ongoing problems at Intel (Nasdaq: INTC), and a general malaise enveloping the entire tech sector, IBM (NYSE: IBM) yesterday announced it would add 18,000 workers before the end of the year, and that's not including acquisitions.

This is the third time IBM has raised its hiring expectations this year. Management now says its total head count should reach 330,000, the company's highest total since 1991, two years before it hired Lou Gerstner as CEO to institute a turnaround. Does that mean the firm is headed for the same whitewater Cisco and others have faced? Hardly.

Source : MotleyFool
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