Epic Research Singapore : IBM Update

Shares of IBM IBM -2.59%  fell 3.1% to $182.59 on heavy volume after the company reported adjusted earnings of $6.13 a share on revenue of $27.7 billion. IBM was expected to report fourth-quarter earnings of $5.99 a share on revenue of $28.27 billion, according to analysts polled by FactSet.  
 IBM shares closed down 0.9% during a trading day of chatter that the company and Lenovo Group Ltd. HK:992 -0.96%  have re-engaged discussions for Lenovo to buy IBM’s x86 server business, following a Wall Street Journal report. RBC Capital Markets analyst Amit Daryanani said in a Tuesday note that the deal would be a positive for IBM, as it would reduce Big Blue’s exposure to commoditized hardware. It’s been nearly 10 years since IBM sold its PC business to Lenovo. 


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