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Claiming that IBM is planning more stock buyback in the future, and is therefore not unhappy about the lowered price.

and that is why Warren Buffet is not too worried either. because the share price has come down IBM will buy more of its own shares. Therefore Buffet will own a bigger part of the company with out actually buying more shares. almost a win-win!!! (except for the people who are going to loose their jobs as a result of this, but who cares about them?)

If you cared about you job at IBM, you would have long left. They have been downsizing for ages.

Which is a proxy bet for interest rates being low for some time to come. They go up, the buy back game is over for everyone. This may be a good bet, for now.

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