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IBM's gloomy forecast weighs down shares | Reuters

Jan 21, 2016    

International Business Machines Corp's shares touched a five-year low on Wednesday, a day after the company forecast weak earnings, underscoring challenges in its software business as it transitions to new growth areas.

The company's shares were down 6 percent at $120.40 in early trading. At least 11 brokerages lowered their price target on the stock.

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