Guess What? IBM’s A Software Company Now!
In case you haven’t been paying attention, IBM’s stock has been on a tear of late, more than doubling off the 2009 low.
That may not sound particularly impressive—the market as a whole has doubled off the 2009 low—but IBM’s stock didn’t collapse the way the rest of the market did during the financial crisis. Also, the stocks of some of IBM’s big competitors have fared far worse over this period.