IBM’s (Not So) Secret Weapon: Hybrid Cloud Computing
June 24, 2014
Grazed from FoxBusiness. Author: Adam Samson.
Big Blue has been singing the blues a lot lately. As other tech names woo Wall Street with shiny gadgets and myriad online services, IBM (IBM) sputters. IBM, perhaps the biggest player in the “Old Tech” space, saw its stock dip 2.1% last year just as the broad markets posted a blockbuster performance that included stellar results by a wide variety of technology stocks.
This year hasn’t been much better for the Armonk, NY-based heavyweight, as the firm nurses a year-to-date loss of 3.4% against 6% gains for U.S. equities. In fact, the stock has underperformed the S&P 500 every year since 2012 after beating the benchmark barometer by a wide margin in 2011, according to data from FactSet…
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