Buy the Dip on IBM Stock

There was more good news than bad in the company's first-quarter report.Shares of International Business Machines (IBM -1.05%) slumped on Thursday after the tech giant reported first-quarter results that fell a bit short of expectations. Revenue of $14.46 billion missed the consensus estimate by$80 million, while adjusted earnings per share of $1.68 was$0.09 below expectations.For the most part, though, IBM's first quarter went well. Overall revenue was up 3% in constant currency, free cash flow jumped si ...