IBM AH

Braveheart

now drop 4.25 @2M trade.  AVG 6.7M
profit up, sells down

dara

No way IBM should trade close to its all time high.

could drop back to 115-120 area in the next several weeks.

Stein

Why it drops today?


http://sanjose.bizjournals.com/s ... /10/12/daily77.html
report said: IBM profit up 14 percent, i.e.
in net income to $3.2 billion, or $2.40 per share (year over year)
which beat the expectation of
to earn $2.38 a share on $23.86 billion in sales.

http://sanjose.bizjournals.com/s ... /10/12/daily77.html

seems people are taking more inside of IBM as a service company:
IBM Reports Drop in Signed Services Contracts; Shares Decline
http://www.bloomberg.com/apps/ne ... mp;sid=aZmzsmYV46S4

Especially, after hours dropped more than 3%!
-------------

What does it really mean for chip maker? or IBM is not belong to chip makers?


http://online.wsj.com/article/SB ... eTabs%3Dinteractive

2001ht09

Braveheart

3# Stein


That's means that less companies spend money on big service contract.  But, IBM profit still up, they must cut lots of cost.  - they always let people go quietly, one by one.  ... ...

Braveheart

But DOW is still up now in AH

Diver

both DIA and SPY dropped AH.

But DOW is still up now in AH
Braveheart 发表于 2009-10-15 16:59

marketstudent

5# Braveheart
This assumption may not be correct.  More competitors in that space.

ChuChu888