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April 7, 1997updated 05 Sep 2016 1:03pm

IBM SHARES FALL AFTER ANALYST CUTS Q1 ESTIMATE

By CBR Staff Writer

IBM Corp had better hurry up and split its shares or they will have fallen to the intended level without any split. They continued to fall on Friday after Merrill Lynch & Co became the latest broker to cut its forecast. IBM fell $2.00 to $129.125 on the New York Stock Exchange, where it was the second most- actively traded issue after Merrill analyst Dan Mandresh cut his estimate for the first quarter to $2.10 from $2.32 a share.

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