International Business Machines Corp Breaks New Ground With Cognitive Computing Unit

Thanks in large part to a nice run this past week, IBM’s (NYSE:IBM) stock price has slowly inched up about 6% so far in October, as of this writing. However, its recent gains have simply eased IBM’s year-to-date stock-price declines, which now sit at about 5%. The problem appears to be the unwillingness of investors to look past the notion that IBM is no longer all about PCs and hardware.Hardware and software sales both dropped double digits last quarter, which of course plays right into the hands of IBM naysayers; but that will almost certainly change before long. The “new” IBM is all about CEO Ginni Rometty’s “strategic imperatives,” consisting of cloud services, business analytics (which houses its super-computer Watson), security, social media, and mobile solutions. IBM has recently added…


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