[link|http://www.nytimes.com/2004/12/31/technology/31computer.html?oref=login|Here]:

I.B.M.'s personal computing division had a loss of $139 million in the six months ended June 30. It had losses of $258 million in 2003, $171 million in 2002 and $397 million in 2001, I.B.M. said in a filing with the Securities and Exchange Commission. During that period, the PC division had sales of $34.1 billion.

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Dell Inc., the world's biggest maker of PC's, has said it is the only large company that is consistently profitable in the computer business. I.B.M. is the third-largest PC maker, behind the Hewlett-Packard Company.


Cheers,
Scott.