Has International Business Machines (NYSE: IBM) officially turned the corner? In the recently reported third quarter, the company beat analyst estimates on revenue and earnings per share (excluding certain items). Still, calls that IBM has finally pivoted to the next-generation economy are as old as Watson, the company's artificial-intelligence supercomputer.
One person the company has failed to convince is legendary investor Warren Buffett. Over the past year Berkshire Hathaway, his company, has dumped nearly 55% of its IBM holdings while saying he has revalued the company downward.
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Source: Fool.com