IBM: Big Blue Is Black And Blue

Big Blue Is Black And Blue
by Marshall Hargrave

IBM took quite a hit on Friday after a weak earnings report. The stock finished down $17.15, or 8.28%, to $190. The stock has now given up all its gains for the year after just hitting a 52-week high. All in all it was a very weak report signaling a slowdown in the global technology sector. The one bright spot was that margins rose, but that reflects cost cutting rather than business growth. No one was more affected by this report than Warren Buffett's Berkshire Hathaway which saw its stake drop by $1.2 billion in value. With this report investors must now ask themselves if they should buy the dip or abandon ship. read more »

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