Worse fall than 1987, $69 billion wipeout as IBM ‘falters’: Why stock price crashed 25% – analysts call it ‘ugly moment’

IBM said it had “faltered” in responding to a sharp shift in corporate technology. (AP photo) A $69 billion wipeout and worst fall in nearly 40 years – IBM’s share price on Tuesday crashed 26% in trade in a sign of how the technology sector […]