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IBM falls from disappointing sales in China, could fall further, Barron's says

IMB's hardware division's revenue dropped 17% to $3.2B and hardware sales in China dropped 40%, sending the stock to a new 52-week low. Shifts in tech spending and an unenthusiastic global economy could continue to hurt sales for the next few quarters driving the stock down further, Barron's argues in its Barron's Take column.