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IBM Not doing well

Discussion in 'General Marketing' started by temi, Apr 15, 2005.

  1. temi

    temi Facilitator Webmaster

    IBM is an industry bellwether and can affect the industry as a whole
    IBM, the world's largest computer firm, has reported worse-than-expected earnings in the first quarter, shocking investors and sending its shares lower.
    New York-based IBM blamed a failure to close business deals and slow economic growth in key European markets.

    Net profit in the three months to 31 March was $1.4bn (£745m) from £1.36bn a year earlier. Sales were $22.9bn, less than the $23bn analysts had forecast.

    source: news.bbc.co.uk/1/hi/business/4447105.stm
  2. Win8282

    Win8282 Guest

    Yea, ur totally right termi. IBM seems to have gone down the drain since January 03 or 2005. Look at this, I got from NYSE.com
    52 Week
    High Low
    99.10 71.85
    03 Jan 2005 20 Apr 2005

    Current share price is only 74.19, which means that after 3 months, IBM stocks went down about 20 bucks, which is a lot in terms of stock.... Well, I guess that IBM's brand value will go a couple of ranks down

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