IBM stock sees worst in 39 years, CEO Arvind Krishna admits to investors that the company ‘failed’ to close large deals; says: In the last few weeks of June, we saw …
IBM suffered a historic collapse on Wall Street on Tuesday (July 14) as its stock plunged 23% – marking the company’s worst single-day performance in 39 years, CNBC reported. IBM shares dropped 23.7% on October 19, 1987. The panic was triggered after the computing, software and consulting provider released preliminary second-quarter financial results that missed…