What's wrong with IBM?

Shares of the computing giant were down over 5% Thursday after the company missed sales estimates. Does this mean investors should get out now?

By Motley Fool Investor Beat Oct 17, 2013 1:05PM
Shares of IBM (IBM) were down 5% Thursday after the company announced that it missed sales estimates by a whopping $1 billion.

Of course, as Motley Fool One Analyst Jason Moser points out, the company still generated almost $24 billion in sales this quarter, but the news certainly doesn’t help IBM’s case.

According to Jason, the company has suffered a tough 2013: it only met earnings estimates thanks to a tax benefit, sales in its international markets were down, and sales at its hardware division weren’t strong.
After seven consecutive quarters of missing sales estimates, Jason is a skeptical about IBM’s future. A man walks past the IBM logo at the CeBIT technology trade fair on February 28, 2011 in Hanover, Germany (© Sean Gallup/Getty Images)

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Tags: IBM
2Comments
Oct 17, 2013 2:20PM
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Smoke stack enterprise IT isn't sexy anymore!
Oct 18, 2013 9:49AM
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For a start, they seek top- professionals at minimal salaries?!
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