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Jerome Dodson Comments on International Business Machines

International Business Machines ( NYSE:IBM ), one of the world's largest providers of information technology solutions and services, rose 20.6%, from $137.62 to $165.99, contributing 119 basis points to the Fund's return. The stock moved higher as investors became more optimistic about the company's transformation from a stodgy old provider of mainframes to an exciting trendsetter in data analytics, cloud software and cognitive solutions.

From the Parnassus Fund fourth quarter 2016 commentary .

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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