This contrarian bet, might just come off
IBM has been found wanting in the technology stakes and disappointed investors for years, so much so that investing in IBM has represented a classic ‘value trap’. All the same, with a new, more forward thinking CEO at the helm, we think ‘Big Blue’ is starting to look interesting again, for all the right reasons, as our research here reveals.
They used to say that no one got fired for buying IBM, or International Business Machines Corp (NYQ:IBM), to give it its full title. But that was many years ago, and IBM has long ceased to be the expensive but safe choice for customers or investors. For many years, IBM was to technology what oil was transport. IBM, or Big Blue: the company was so famous that in the movie 2001 Space Odyssey, HAL, the supercomputer that developed consciousness, was named after It - HAL is IBM one letter removed. IBM was once so mighty that Microsoft’s rise to stardom…