The Rising Influence of Rising Affluence

[DewDiligence]

IBM had a “bad” quarter, but still logged 19% YoY growth in China:

http://www.nytimes.com/2012/10/17/technology/ibms-results-are-mixed.html

In the four BRIC countries combined, sales grew 4% YOY in dollars and 11% YOY in local currencies.

IBM retained its 2012 guidance for (non-GAAP) “operating” EPS of at least $15.10.

All told, IBM is a major beneficiary of TGDT and a solid hold, IMO.