Suddenly, Ibm Can Hardly Find A Patch Of Blue

For six years now, the once invincible IBM has been struggling to recover from an unprecedented earnings slump. It has revamped products, reorganized staff, and slashed payrolls. The goal: to be slimmer, faster, and more profitable. As the new year unfolded, IBM actually seemed once more to be clicking. Following a strong fourth quarter, its stock soared 31% in just two months (charts).

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