IBM, poor performance shares with big expectations
IBM still holding its traditional PC manufacturing, this technology giant became weaker due to the rise in laptops users’ numbers and lifting the PC for narrow cycle of users especially against Macintosh PC’s. And its low profit levels in the third quarter of 2013.
shares retreated 1.14 percent reaching $183.24 per share as Barclays PLC lowered its recommendation, while the expected at early 2013 is a growth by 1.7 percent on stakeholders wealth.
Last week IBM got the fourteenth place on the performers list of Dow Jones index out of 30 companies in that list, sense average decline of Dow Jones is 1.1; the IBM shares are almost at the intermediate figure of change.