They&#x27;re not referring to the stock price, the revenue that IBM takes in has fallen for 14 straight quarters: <a href="http:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;ibm-reports-another-quarter-of-declining-revenue-2015-10-19-161035328" rel="nofollow">http:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;ibm-reports-another-quarter...</a><p>The stock would actually have fallen much, much more but IBM has been performing continual stock buybacks to prop it up: <a href="http:&#x2F;&#x2F;247wallst.com&#x2F;technology-3&#x2F;2015&#x2F;10&#x2F;27&#x2F;why-investors-do-not-and-will-not-care-about-another-big-ibm-stock-buyback&#x2F;" rel="nofollow">http:&#x2F;&#x2F;247wallst.com&#x2F;technology-3&#x2F;2015&#x2F;10&#x2F;27&#x2F;why-investors-d...</a><p>Some people think IBM is nothing more than a financial engineering firm now: <a href="http:&#x2F;&#x2F;dealbook.nytimes.com&#x2F;2014&#x2F;10&#x2F;20&#x2F;the-truth-hidden-by-ibms-buybacks&#x2F;" rel="nofollow">http:&#x2F;&#x2F;dealbook.nytimes.com&#x2F;2014&#x2F;10&#x2F;20&#x2F;the-truth-hidden-by-i...</a>