I suppose IBM is just masquerading as a worn out, rapidly declining, out-of-date dinosaur to trick everyone. But a few brilliant investors with insights that elude the market - like you of course - can see through this illusion and know that the long drought will soon end and the stock will suddenly skyrocket to new highs. And all of this is based on the 12 year old "Smarter Planet" initiative and a 14 year old failed technology experiment that began as Blue Gene and is now named "Watson." Let's not forget - they won a television quiz show game 3 years ago. I'm sold. Definitely time to bet the farm.
I don't know what people expect out of IBM.. They beat earnings forcast.. Earned over $6. a shr for 4th qtr? AMZN reports tomorrow.. Expected to earn .66.. And its selling at over twice of what IBM is??? It seems crazy to me, IBM ain't selling at $250. a shr... If you give Watson the figures for IBM and earnings expectations for IBM, Cree + AMZN.. He would tell you IBM should be selling at $400..