IBM Joins Tech Doghouse

Shares of IBM (IBM Quote) slumped on Friday after an earnings report that beat the Street wasn't enough to sustain investor enthusiasm in another tech stock that has enjoyed a big runup.

Big Blue shares shed $3.50, or 3.5%, to $95.95 in recent trading.

"We saw what happened with Apple (AAPL Quote) earlier in the week," says Bill Gorman, an equity research analyst with PNC Wealth Management, which holds IBM shares. "The tech tape has turned negative for the time being. [The tech sector in general] is down almost every year from the February to May timeframe." ...