IBM Stock Plunge Revives "Breakup" Talk on Wall Street

1. 1After IBM (IBM) shares plunged, some on Wall Street are once again raising the need for a corporate breakup.
2. 2Stifel analyst David Grossman used a sum-of-the-parts (SOTP) analysis to value IBM at $257 billion, with Red Hat accounting for the largest piece at $62.9 billion.
3. 3After IBM reported Q2 preliminary revenue of $17.2 billion on July 14 (missing the $17.85 billion estimate), its stock plunged 25% on Tuesday, marking its worst single-day decline since 1961.

Source Yahoo Finance +1 · View original ↗

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