A Blue Chip Again
Maybe we had in mind the wrong kind of dinosaur. These days IBM looks more like some born-again T-rex, rampaging down Wall Street. How hot can you get? Other tech stocks have been slumping; IBM keeps going up and up. Industry analysts who bad-mouthed its shares at $48 two years ago now think the stock could hit $150, within striking distance of its 1987 high of $175. Certainly the company’s prospects are the best in years....