IBM: Back Of Envelope Math Suggests A Big Tech Bargain

JHVEPhoto In 1997, a New York City chess match changed the world. The opponents: World chess champion Garry Kasparov and International Business Machines Corporation's (NYSE:IBM) Deep Blue computer program. Deep Blue squeaked out a win against Kasparov as the world watched, symbolically ending the age of man and beginning the age of machine. IBM stock soared over the remainder of 1997, 1998, and 1999. However, today, you would have done better investing in companies far more mundane, and a little better by s ...