IBM’s second-quarter results looking blue
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The sentiment surrounding IBM’s second-quarter results has looked rather blue as analysts near and far have stepped up to temper their expectations for the company’s performance while the stock has reset new 52-week lows. The entire tech sector has had a rough past few months with Vista being delayed, so hopefully nobody is shocked by this news.
Since IBM last reported its quarterly numbers, investors have avoided the shares. Mirroring the pattern of many technology stocks, shares of the IT services giant have slipped about $10 lower than what investors were willing to pay in April. The stock closed Monday at $73.70.
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