NEW YORK ( TheStreet) -- "Quicksand" was the best way I could describe IBM's (IBM - Get Report) recent revenue performance, which has been in a perpetual decline over the past couple of years. This is even though the company has spent well over $16 billion in acquisitions trying to escape its predicament. It hasn't worked.Now the stock is trading right around $175, after a 6% decline on Thursday, following yet another earnings disappointment; IBM investors can only wish the value erosion was as slow as quicksand. However, as I said on Tuesday, this shouldn't have come as a surprise.
IBM's 'New Normal' of Mediocrity
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