Shares of IBM are down 5% today after the company announced that it missed sales estimates by a whopping $1 billion. Of course, as Motley Fool One analyst Jason Moser points out, the company still generated almost $24 billion in sales this quarter, but the news certainly doesn't help IBM's case. According to Jason, the company has suffered a tough 2013: IBM only met earnings estimates thanks to a tax benefit, sales in its international markets were down, and sales at its hardware division weren't strong. After seven consecutive quarters of missing sales estimates, Jason is a skeptical about IBM's future.

Find great tech plays today
Interested in the next tech revolution? Then you'll need to learn about the radical technology shift some say forced the mighty Bill Gates into a premature retirement. Meanwhile, early in-the-know investors are already getting filthy rich off of it... by quietly investing in the three companies that control its fortune-making future. You've likely heard of one of them, but you're probably never heard of the other two... to find out what they are, click here to watch this shocking video presentation!

The article What's Wrong with IBM? originally appeared on Fool.com.

Jason Moser has no position in any stocks mentioned. Fool contributor Mark Reeth has no position in any stocks mentioned. The Motley Fool owns shares of International Business Machines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Small Cap Investing

Learn now to invest in small companies the right way.

View Course »

What is Short Selling?

Make a profit when stocks prices fall.

View Course »

Add a Comment

*0 / 3000 Character Maximum