Business
Investor AM: IBM, the Teflon tech stock
Money managers have to buy at least a few technology stocks. That fact may be the best theory you can come up with to explain why IBM shares are holding value as the tech sector crumbles.
Money managers have to buy at least a few technology stocks. That fact may be the best theory you can come up with to explain why IBM shares are holding value as the tech sector crumbles.
IBM (ibm) shares are coated with Teflon these days--no bad news sticks. Oh sure, IBM has dipped a bit, but it's still about $100, about $32 from its 52-week high. Not bad at all considering the tech wreck and daily 52-week lows hit on the Nasdaq. Full story. --Larry Dignan, ZDII