Exceptions: Computer Sciences, Garmin and L-3 Communications Holdings, which carry price-to-sales multiples below five-year averages.

FORBES: Magazine Article

Combining IBM Research's expertise in the areas of mathematical sciences, computer science and high-performance computing with the deep-power engineering and operational know-how of the participating members, the Institute will focus on five core innovation tracks to pursue joint research and where shared investments, knowledge and capabilities will benefit every member.

ENGADGET: IBM announces Smarter Energy Research Institute, aims to improve energy grids (video)

Other companies that lack IBM's and Sun's levels of foreign revenue and could be more exposed to the risk of a chilling U.S. computer market are Cisco (nasdaq: CSCO - news - people ), which splits its business nearly evenly between the United States and the rest of the world, and Computer Sciences (nyse: CSC - news - people ), which draws about 70% of its business from the United States.

FORBES: Silicon Valley Globetrotters