	ibm ibm has higher shipments costs in qtr international business machines corp said shipments and revenues were higher in the first quarter but net ings fell pct in part due to higher expenses ibm said net income fell to mln dlrs or dlrs a share from billion dlrs or dlrs on about pct fewer shares outstanding while total sales and income rose pct to billion dlrs from billion dlrs costs and expenses rose pct to billion dlrs from billion in the quarter the computer maker said the company said it continues to take actions to make it more competitive including cost and expense reduction measures although the worldwide economic situation remains unsettled there are some encouraging signs in our business ibm said in a statement in addition to the increase in first quarter shipments we have announced new offerings in our large processor and personal computing product lines it said we have yet to fully benefit from our recent product announcements retirement incentives and other resource balancing measures and we expect these actions will have a more significant impact as progresses the company added it said it expects more than u s employees to take advantage of the retirement incentives announced last year pretax ings fell pct to billion dlrs from billion ibm said pretax margins slipped to pct in from pct in it said reuter 
