Five Charts Show Why IBM Is Worst Dow Stock for 2nd Year
Ginni Rometty, Chief Executive Officer of International Business Machines Corp., will get her chance next month to update investors on her plans for 2015. Photographer: Andrew Harrer/Bloomberg
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For the second year in a row, IBM is on track to be the worst-performing stock in the Dow Jones Industrial Average.
Since Ginni Rometty became chief executive officer in January of 2012, the shares have fallen 16 percent -- 14 percent of that this year alone. Investors have dumped the stock as Rometty endeavors to re-imagine International Business Machines Corp. as a contender in cloud computing, data analytics and mobile technology. So far, those new areas haven’t made up for a decline in sales of legacy hardware and technology consulting services.