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Technology / AI and automation

IBM SHARES LOSE ANOTHER 12.5 CENTS

IBM Corp shares lost another 12.5 cents to make a new 10-year low of $61.125 on Friday after Dean Witter Reynolds analyst Jay Stevens cut his 1992 and 1993 earnings estimates: he lowered his 1992 estimate to $3.80 a share from $4.12 and his 1993 estimate to $5.00 a share from $5.25 a share; those numbers are clealry before charges, but as IBM has to take charges every year now, the net figure is more relevant.

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CBR Staff Writer

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