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IBM Corp.

October 19, 2011

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International Business Machines Corp., the biggest computer-services company, fell the most in two months after missing sales estimates for the first time in five quarters. Sales for the third quarter climbed 7.8 percent to $26.2 billion, Armonk, N.Y.-based IBM said yesterday. Analysts predicted $26.3 billion, the average of estimates compiled by Bloomberg. Revenue showed slowing growth in IBM’s software, hardware and services businesses.

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