as in 'you may not bid on any u.s. government contracts'.
strangely, their stock is seemingly unaffected by this news, & here's why:
Wall Street wasn't immediately concerned about the suspension. Last year, IBM got about 1% of its revenue from new federal contracts. David Bailey of Goldman Sachs wrote in a research report that even if the suspension lasted for a full quarter, it would likely cost IBM about two cents a share in earnings "which we believe IBM could make up in other areas."
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
