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A Story of Decline and Recovery for This Wide-Moat Tech Trailblazer

Despite headwinds, we view IBM as fundamentally undervalued and worthy of a close look from patient investors. Results to Date Appear Good, but the Devil Is in the Details On the positive side, IBM stated that its cloud business achieved $4.4 billion in revenue during 2013, up 69%, and is on pace to be a $7 billion IBM business in 2015. Read More...

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