Homeland Security bans IBM indefinitely from US Federal Contracts

Dav says: "The Feds have just banned IBM as a vendor, across the board: '"IBM and its subsidiaries are barred from receiving any new government contracts, new orders under existing contracts or purchase card transactions, according to a March 28 e-mail the Homeland Security Department’s Office of Procurement Operations circulated to procurement officials.'"

The ban seems to stem from "improperly obtained information about a contract [IBM] was bidding on from EPA employees." Link

IBM is down just 1% in after hours trading.