IBM shares fall after report
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- October
- 1
Worries that the impact of a slowing economy and the credit crisis will spread to the technology industry hurt IBM Corp investors yesterday. Shares of Big Blue dropped $6.71 to $110.13, or 5.7 percent, in trading on the New York Stock Exchange. The drop in the stock followed a report from Sanford C. Bernstein analyst Toni Sacconaghi that indicated that a worsening credit crisis could lead to lower profits at IBM if more customers default on their bills.
This entry was posted
on Wednesday, October 1st, 2008 at 6:20 pm by Jay Loomis.
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