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IBM shares slide 6.5 percent pre-market as software rebound seen aided by deferred contracts

IBM shares fell 6.5 percent in pre-market trading on Oct. 22, Reuters reported. Reuters said questions are rising over whether IBM can sustain growth after an analysis suggested its third-quarter software rebound was driven by contracts deferred from the prior quarter. Bank of America Global Research analysts estimated about $250 million of the quarter’s software growth came from second-quarter spillover contracts.