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IBM Shares Tumble After Sixth Quarterly Sales Decline

International Business Machines Corp., the largest computer-services provider, dropped the most since April after sales fell for the sixth straight quarter and its hardware business posted a loss.

Revenue fell 4 percent to $23.7 billion in the third quarter, the Armonk, New York-based company said in a statement after trading closed yesterday. That was $1 billion less than analysts had estimated, according to data compiled by Bloomberg.