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(Updates share price)
ARMONK, N.Y. (TheStreet) -- IBM's(IBM) stock is coming under selling pressure, despite the tech bellwether's strong third-quarter results Thursday.
Shares of IBM, which is seen as a key indicator for the health of the IT sector, fell $6.08, or 4.8%, to $121.91 in early trading Friday, outpacing the broader retreat in tech stocks that saw the Nasdaq dip 0.7%.
With expanding margins and slight sequential sales growth, IBM performed well in the third quarter. Some analysts, however, say that there could be more upside elsewhere in the tech sector. ...
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