Monday, July 18, 2005

IBM profit rises, shares up nearly 5 pct

IBM profit rises, shares up nearly 5 pct
I really have to wonder why analysts months ago downgraded this stock and it fell down to 72. Now, its back to 85 in after hours trading after it reported strong profits this quarter. This has been another example of the street over reacting to disappointing short term results for a solid company.

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