Are IBM Shares Headed Down to $175? by TechStockProspector


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									Robert DeFrancesco’s
August 6, 2013

Are IBM Shares Headed Down to $175?
Read the July 2013 issue of Tech-Stock Prospector on your Amazon Kindle or
Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the July 2013 issue:

*Mid-year update on the 8 TSP Tech Disruptors
*Splunk makes sense out of machine data
*A promising new growth vertical for NetSuite
*The deal pipeline builds at Guidewire Software
*ServiceNow pulling various growth levers
*Why Imperva continues to raise revenue guidance
*The key players to know in business analytics
*The bullish case for Cisco Systems
*Akamai Technologies accelerates mobile networks
*Can Aruba Networks hold its own against Cisco?
*How Ruckus Wireless benefits from Wi-Fi offloading
*A networking company to watch: SolarWinds
*Why some savvy investors were Demandware buyers
*Qualys gains market share in cloud-based IT security
*Riverbed Technology finds a new growth niche
*Palo Alto Networks is scorching firewall competitors
*Deal Report: IPO success for Gigamon

Order the July 2013 issue of TSP here:


Shares of IBM (IBM, $190.99) today fell 2.3% after a Credit Suisse downgrade to
‘Neutral’ with a price target of $175 based on concerns about the company’s
deteriorating free cash flow and risks associated with more businesses shifting to
the cloud.

The firm sees intensifying challenges to IBM’s future organic growth—particularly
related to the mainframe, UNIX hardware and software units.
IBM is limited in what it can purchase to boost its software business because
valuations have expanded so much in the cloud segment, according to Credit Suisse.

IBM shares are down from the 52-week high of $215.90.

Estimated EPS growth (using consensus):
2013: +10.8%
2014: +8.7%


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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
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