IBM: Why IBM Failed To Impress

Why IBM Failed To Impress
by StockBaller

International Business Machines (IBM) is an industry leader that has seen its stock price perform very well over the past four years, having steadily climbed from $100 to over $200. But IBM is now facing some trouble after recently reporting their Q1 2013 results. IBM reported revenue of $23.4 billion (down 5%) and a GAAP net income of $3.0 billion (down 1%). These numbers were worse than expectations, and thus IBM dipped well over 8% in intra-day trading. read more »

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