Investopedia: IBM's Soft Sales Bring A Chill To Tech
Although investors had been lowering their expectations for tech sector growth/performance this quarter, IBM (NYSE:IBM)
still managed to spook the Street with soft revenue in both hardware
and software. The long-term picture for IBM hasn't changed all that
much, though it is likely that tech investors are going to be chewing
their nails for at least another quarter. In the meantime, while IBM
remains a well-run and comprehensive play on technology, the stock still
isn't a great bargain.