Richard Drury Investment Thesis IBM (NYSE:IBM) (NEOE:IBM:CA) is one of the oldest companies on the market that has stood through many tests of time and seen it all, having IPO-ed before the end of World War 1. As a result, the company has seen many technologies come and go, pioneering some of those technologies, such as the floppy disk, the mainframe, and PCs, and missing the train on a few important ones, such as the smartphone and cloud computing, in the last couple of decades. It’s the innovation tra ...