IBM (NYSE:IBM) has maintained its title as patent king for 18 years running.
IBM (NYSE:IBM) shares were at 147.64 at the end of the last day’s trading. There’s been a 6.7% change in the stock price over the past 3 months.
IBM (NYSE:IBM) Sets Patent Record
IBM (NYSE:IBM) has announced that for the 18th year in a row the firm has logged more new patents than any other company.
IBM (NYSE:IBM) set a record with 5,896 patents developed by 7,000 employees in 30 countries. Canadians contributed just 33 patents and nine of them or nearly 25 percent came from Ottawa based research work. The Ottawa computer labs are IBM (NYSE:IBM)’s fifth largest labs complex in the world. IBM (NYSE:IBM) spent nearly $6-billion last year on research work. The company lives by the rule in the tech sector that research is what will deliver your future success and you either do the research work or buy up the firms that have new ideas and IBM (NYSE:IBM) does both.
If you’re contemplating investing in IBM (NYSE:IBM) shares, make sure you take a look at this analyst advice, from a broad range of industry specialists:
Consensus Opinion: Moderate Buy
Mean recommendation: 1.59
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.59
Zack’s Rank: 2 out of 22 in the industry
We will continue checking the IBM (NYSE:IBM) stock price for changes over the next couple of weeks.
