Skip to main content

IBM Slips 2.1% on Forecast

  • Author:
  • Publish date:


(IBM) - Get International Business Machines Corporation Report

was down 2.1% in preopen


trading after CEO Louis Gerstner predicted high single-digit sales growth for the computer giant, down from his earlier estimate of 10% or better.

Scroll to Continue

TheStreet Recommends

In addition, IBM executives said Big Blue did not have enough units on hand to meet demand for its latest mainframe.

Lehman Brothers


Bear Stearns

maintained their buy ratings.