Tech analyst Eric Bleeker takes a look at IBM, set to announce second-quarter earnings tomorrow. When companies experience economic uncertainty, they tend to scale back spending on discretionary tech outlays first, a troubling sign for IBM. Then there are other global concerns like emerging markets. While those markets drove IBM's growth last quarter, declining GDP growth in India and China threaten the company. Revenue is projected to be just about even with last quarter. Although IBM stock is quite pricey, it seems like a solid, stable player in the IT industry, even in rough conditions. Watch the following video to see Eric's thoughts on why even with global instability, IBM is a good long-term play headed into earnings.
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