IBM Plunges 23%, Marking Largest Intraday Drop Since 1987

BlockBeats News, July 14th, according to BIT (bit.com) market data, IBM (IBM.N) plummeted by 23%, marking its largest intraday drop since 1987.

Previously reported, IBM's preliminary revenue for the second quarter was $17.2 billion, below the expected $17.86 billion.