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Byline: Bob Keefe and John Pletz
Oct. 17--From the high end to the low end, IBM Corp. and Intel Corp. on Tuesday offered a glimpse of the computer-hardware industry's fortunes, or lack of them, during the third quarter.
Despite the breadth of its business -- from disk drives to mainframes and software to services -- IBM's earnings fell nearly 19 percent from a year ago amid a worldwide slump in technology spending that was further crippled by the Sept. 11 terrorist attacks.
Intel, the world's largest producer of processors for personal computers and low-end servers, saw its earnings plunge 96 percent. The company's profits have been sapped by a campaign of heavy price cuts undertaken to combat weak overall PC sales and hurt its primary rival, Advanced …