The 4 Worst Dow Performers This Week
4) IBM (NYSE:IBM)
IBM closed the week off 1.22 percent with relatively few catalysts. On the company’s radar was a court hearing over the logic that governs technology patents. Patent law, already nebulous and abstract, is a critical component in the technology sector, highlighted by high-profile multi-billion-dollar cases between industry titans. For the past 20 years, IBM has led the industry in patent applications, and the Friday hearing could change the architecture surrounding what technology is patentable and what technology is not.
Also last week, IBM closed its acquisition of StoredIQ.