Slower business in September helps push International Business Machines Corporation (NYSE:IBM) to a new 52-week low on Monday. The stock dropped 7% on over 24 million shares traded. 

For an in-depth report on International Business Machines Corporation follow: www.pennystocktitans.com/stockquote/IBM                        
                

IBM, the world’s largest technology services company, took a blow on Monday after the company reported a marked slowdown in business in September and abandoned its 2015 operating earnings target. This was a steep drop for investor Warren Buffet whose Berkshire Hathaway Inc. is the company’s top shareholder.

The drop in share price on Monday sliced off over $13 billion from IBM’s market cap. IBM will announce a new operating earnings per share target for 2015 in January.

Company CEO Ginni Rometty commented, “We are disappointed in our performance. We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry."
 
 

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Lenovo bid reports push BlackBerry Limited (NASDAQ:BBRY) shares to as high as $10.36 on Monday. The stock closed up 8.54% at the close with over 29 million shares traded.

For an in-depth report on BlackBerry Limited follow: www.pennystocktitans.com/stockquote/BBRY                                        

BlackBerry could be seeing a bid from Chinese computer and phone manufacturer Lenovo as soon as this week. Reports revealed that Lenovo may make a bid for the smartphone maker in a deal that could reach as high as $18 a share.

Such rumors have surfaced many times in the last two years. Lenovo and BlackBerry have both said that their companies did not comment on rumors and speculation.

Benzinga.com has said an offer of $15 could come as early as this week, citing an unnamed source familiar with the matter.
 
 
 
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