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IBM Suddenly Becomes Relevant

By Jim Cramer

 About this article:
 Never thought IBM could have this kind of halo effect. After all, it is IBM, a company of heightened irrelevance that can't be extrapolated very far without being too bullish and over-emphasizing its strengths. I had it at a corner of my screen I barely look at, and I have put it straight at the top. Big Dow stock -- encouraging. At heart, IBM is a consulting company that gives away hardware. It is the model that Hewlett-Packard has embraced -- that stock should be up more -- and the fact that it can be as bullish as it was is really more of a case of corporate outsourcing than anything else. Yet, it is and will always be a barometer of some spending, and I have to believe that it will spur some sentiment about tech spending. If I were an analyst recommending Cisco or...

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