Generated in 2012. Reading Gerstner's book that was his number one criteria for a healthy firm. Wow! That is a great year!
EPS grew at. 13% clip YOY in 2012! IBM will enjoy a solid 13-17 multiple based on that figure.
$16.70 multiplied by a 15 PE is a $250 stock... Multiplied by current P/E it is $217.... Going higher folks!
do you expect x servers to grow?