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IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations - CNBC

IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations - CNBC

CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.

International Business Machines shares slipped double digits on Tuesday after the hardware, software and consulting provider released preliminary second-quarter results that fell short of expectationโ€ฆ [+1123 chars]

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