IBM a Crackling Long-Term Buy

Shares of IBM (IBM) have been beaten up over the last few months: The stock has lost 16% since April. A big name like this is not flying under anyone's radar, so that sustained drop is not without good reason. Indeed, neither earnings nor revenue have been good for IBM lately.

For instance, in the latest earnings report IBM said revenue was down 3% year over year as operating earnings per share declined 8%. The company's biggest losses were in its systems-and-technology segment, with a double-digit year-on-year drop. Perhaps most concerning, revenue in "growth markets" -- effectively, developing nations -- was up a meager 1% vs. the prior year in constant currency....409 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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