Intel Corp shares, tipped to see $130 later this year, stormed through the $100 barrier yesterday to hit $102.125, up $3.5; IBM Corp, now treading in water not seen since 1975, was stagnant at $48 even – as was the market as a whole: reason for the renewed weakness in IBM’s share price – it […]
Intel Corp shares, tipped to see $130 later this year, stormed through the $100 barrier yesterday to hit $102.125, up $3.5; IBM Corp, now treading in water not seen since 1975, was stagnant at $48 even – as was the market as a whole: reason for the renewed weakness in IBM’s share price – it was $47.125 at one point on Wednesday, is that traders have begun discussing among themselves just how much IBM will cut its dividend – the landmark dates are January 19, when year-end figures are due, and January 26, when the board is now expected to meet to decide by how much to massacre the $4.84 annual dividend; many analysts reckon the cut will be 50%, some say it could be 75% – only the larger cut, coupled with a firm end to the no lay-offs policy would put a floor under the shares.
