[missserenity]

Each of these companies had huge scandals related to accounting fraud. Are you assuming the same is the case with IBM?

[hga]

Whenever you see many people (not just this author) talk about a company's "financial engineering" you should be concerned they might cross that line; couple that with an explicit pledge to double earnings/share to $20 by 2015 and the danger should be apparent.

[jbooth]

.. and you're talking about 2010-2014, a period when the market as a whole went up by about 50%, and pointing to IBM as a success story?