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Enterprise IT stocks slump following IBM's (IBM -3.7%) Q3 revenue miss, which had much to do...

Enterprise IT stocks slump following IBM's (IBM -3.7%) Q3 revenue miss, which had much to do with drops in mainframe, storage, and middleware sales. Earnings call remarks about weak September demand aren't helping either, though some might be encouraged IBM's Chinese sales rose 19% Y/Y at a time when others (I, II) are seeing Chinese demand slump. EMC (EMC -1.5%), VMware (VMW -1.9%), Citrix (CTXS -2.2%), Red Hat (RHT -1.7%), and Tibco (TIBX -3.6%) are among the losers.
Comments (1)
  • IBM earnings were up 5%.
    17 Oct 2012, 02:09 PM Reply Like
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