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IBM: Settle down, grow old

  • Ticker : IBM
  • P/E: 12
  • EPS growth : 10%

In an industry known for whirlwind romances, IBM is a tech stock looking for a long-term relationship.

The 102-year old company has evolved from a maker of mainframe computers into a one-stop shop for IT departments.

IBM's various business lines include software and hardware development, along with technology infrastructure and consulting services. Its vast size and diverse business model have helped IBM report healthy profits over the years.

While the slowdown in Europe has weighed on its bottom line recently, IBM's latest earnings topped analysts' expectations. CEO Ginni Rometty has said IBM is shifting its focus to growth areas, such as data analytics and cloud computing.

Shares of IBM (IBM) have more than doubled since bottoming out in 2008.

  @ben_rooney - Last updated March 11 2013 10:12 AM ET

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