Big Blue reports its second-quarter results after market close on Wednesday amid growing macro-economic concerns, particularly overseas. The Americas accounted for just 42.5% of IBM's total first-quarter sales, highlighting the company's exposure to risks such as Europe's ongoing debt crisis.
Despite IBM's reputation as a stable stock for uncertain economic times, the company's shares have slipped more than 8% to $185.10 during the last three months, easily outpacing the Nasdaq's 3% dip.
IBM, which often sets the tone for tech earnings season, has some major hurdles in its path, according to Brian Marshall, an analyst at ISI Group."In our view, valuation is full and with currency headwinds worse than expected, coupled with
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