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After years of being range-bound, IBM’s stock has broken out, rising about 24% over the past 12 months to an almost 10-year high. Click here for in-depth analysis of the latest stock market news ...
Anders Bylund, The Motley Fool. July 25, 2024 at 4:41 PM. IT veteran International Business Machines (NYSE: IBM) reported second-quarter results on Tuesday evening. Big Blue knocked this quarter ...
The fourth-quarter earnings report exceeded Wall Street's expectations, and management issued optimistic guidance for the next year as well.
IBM entered the microcomputer market in the 1980s with the IBM Personal Computer, which soon became known as the PC, one of IBM's best selling products. Due to a lack of foresight by IBM, [13] [14] the PC was not well protected by intellectual property laws. As a consequence, IBM quickly began losing its market dominance to emerging competitors ...
Since 1972. International Business Machines (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card ...
A reasonably priced stock. Despite the sluggish growth in the consulting segment, IBM now expects to generate more than $12 billion of free cash flow this year. With a market capitalization of ...
Website. www.gerstner.org. Louis Vincent Gerstner Jr. (born March 1, 1942) is an American businessman, best known for his tenure as chairman of the board and chief executive officer of IBM from April 1993 until 2002, when he retired as CEO in March and chairman in December. He is largely credited with turning IBM's fortunes around. [1][2]
IBM’s repositioning around AI may be paying off for its stock as it nears an all-time high amid its CEO’s ambitious plans for the technology.