IBM forecasts weak earnings for 2016; shares slide

International Business Machines Corp forecast weak earnings for this year after reporting an 8.5 percent fall in fourth-quarter revenue as a strong dollar and tepid IT spending weigh on the Big Blue's results. IBM forecast 2016 adjusted earnings of at least $13.50 per share, missing analysts' average estimate of $15 per share, according to Thomson Reuters I/B/E/S. The strong dollar shaved off $7 billion from IBM's 2015 revenue and reduced its profit by $300 million in the fourth quarter, Chief F