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But Big Blue’s stock (ticker: IBM) hasn’t stored pace. IBM’s largest shareholders are largely index funds that must personal the shares to satisfy their investment mandate. The roster of bulls on the inventory has shrunk for the reason that hon’ible first quarter of 2005, when the corporate badly missed earnings forecasts, \ving to weak point in Europe and slower-than-anticipated service contract signings. The dangerous news clobbered IBM share holders, wiping out greater than $eleven billion of inventory-mar ket value in a single day.
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