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3/31/15: The IBM (NYSE: IBM) stock price this morning was down about 1% despite the announcement of a new four-year, $3 billion initiative to establish an Internet of Things (IoT) division. The move is an expansion of IBM's Big Data push. Through Big Data, IBM wants to help its enterprise clients harness a seemingly infinite amount of structured and unstructured data sets to find patterns and behaviors.
IBM stock is currently in trouble because the 103-year-old company is in transition. It's moving from an enterprise services company built around legacy hardware and software to one built around an IT landscape moving toward cloud computing and Big Data.