The computer and I.T. industry seem to be holding off the recent downturn from the credit crunch, with reports of profits from another giant like IBM. 

BBC

"IBM's profits have come in better than expected, helped by cash-strapped companies calling it in to help cut costs and improve IT infrastructure. Net profit for the three months to the end of June came in at $2.77bn, which is up 22% on the same period of 2007.

IBM also raised its own forecast for earnings for the whole of 2008. The company has also benefited from the weakness of the US dollar, as it means that its earnings from outside the US are more valuable. The news sent shares up $1.90, or 1.5%, to $128.42.

The company's sales jumped 13% in the three month period, but the increase would only have been 6% without the effect of the weaker "

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