IBM, A Small Bite Out of Big Blue (IBM)

Posted in pre-market 
April 20th, 2010

International Business Machines Corp. (NYSE: IBM) is still lower after beating earnings and raising guidance.  The earnings was not bad but was a case of “not beating by enough” and the backlog drop was a concern considering we are supposed to be in a growth mode.  Shares closed at $132.23 and we have shares down almost $3.00 at $129.33 on thin volume so far this morning.

JON OGG

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