Annex Bulletin 2011-16                              October 10, 2011

A partially OPEN edition


Happy Birthday, IBM! (IBM to turn 100 on June 16; what's the secret of its success?)

Apple Falls from Tree to Cloud, Then to Earth... with a Thud (Last major holdout joins race to cloud, but falls flat on first attempt)



Updated 10/10/11, 1:30PM HST

Analysis of IBM and Apple Stock Performance

IBM Sets New All-time High

Big Blue Outperforms in Apple So Far This Year

MARKET UPDATES: Annex Bulletins (Oct)

While traveling in Europe, where we spent most of the month of October, this writer covered several market moves by email.  We reproduce those reports here as Annex Bulletins 2011-16 and 2011-17,  along with the charts that were published within them.

ISTANBUL, Turkey, Oct 10, 2011 - Hello everybody. Elizabeth and I have been traveling in Europe the last 10 days - from York, England to Istanbul, Turkey.  Which is where we are at the moment before going on to Ireland.

So this is just a quick note to point out something that may be significant as a market trend.   In the last several years, Apple has been an undisputed market leader among the top IT companies.  But no longer.  After today's market surge, in which IBM was one of the leaders, setting a new all-time high at over $186 per share, up 35% since a year ago, Big Blue has taken over the pole position in the industry.  

Take a look at these charts...

IBM, which is a part of the Dow, is so far above the 30 Industrials average, that it makes the Dow look like a turtle in a hare race.  Just as the company did in its initial surge in the 1960s, IBM is now once again pulling the Dow up by its bootstraps.

"The more things change, the more they stay the same." (Plus ca change, plus c'est la meme chose.) (Alphonse Karr)

Enjoy your week!

Happy bargain hunting

Bob Djurdjevic

Or just click on SEARCH and use "company or topic name" keywords.

Volume XXVI, Annex Bulletin 2011-16
October 10, 2011

Bob Djurdjevic, Editor

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Annex's 33rd Birthday (May 15, 2011)


Big Blue "Rock of Gibraltar" Stands (Analysis of IBM's first quarter business results)


Wall Street's New "Rock of Gibraltar" (Annual update to our 5-yr IBM forecast)

HP: Ghost of EDS Haunts HP (Analysis of HP's first quarter 2011 business results)

Case Makes a Case for Innovation (Analysis of new "Startup America" program)

HP: New Broom Sweeps Clean (Apotheker fills our first prescription in board shake-up)

IBM: Another Phoenix of the IT Industry , Analysis of IBM's 4Q10 result

One Man's Pain, Another Man's Gain? (Analysis of possible impact of Steve Jobs' health on IBM, Intel, other IT companies)

Consumer Rules (Analysis of top 15 global IT leaders' stock and business performances) 

IBM Hardware to Rise and Shine Again (Analysis of IBM STG business results and outlook)

BARRON's: IBM Shareholders Will Like New Year (Analysis of Barron's article on IBM stock)


HP's "Stealth CEO" Sounds Bullish in First Public Appearance (Analysis of HP's fourth quarter business results)


Silicon Valley Rodeo (Editorial on shenanigans and costly trivial pursuits)


IBM Business Up, Stock Down (Analysis of Big Blue's third quarter business results)