Analysts Revive IBM Breakup Talk After 25% Stock Plunge
Stifel's sum-of-the-parts valuation suggests IBM's enterprise value could reach $257 billion, exceeding its $205 billion market cap. IBM shares plunged 25% after the company reported Q2 revenue of $17.2 billion, missing estimates of $17.85 billion. Non-GAAP earnings of $2.