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This text discusses IBM's financial information and stock performance in 2003. The company's valuation allowance, market cap, server revenue, and stock prices are mentioned. IBM's net income and earnings are also discussed. The stock was slightly undervalued in 2003 based on a relative valuation.
Based on the available information, in 2003, IBM's valuation allowance was $1.419 billion, and the company's market capitalization experienced consistent growth throughout 2002 and 2003. Specifically, IBM's server revenue demonstrated a 10% growth rate in 2003. By the end of 2003, the closing stock price for IBM was $49.99, marking a significant 439.4% increase from 1995. Additionally, the last quarter of 2003 saw IBM's revenue at $25.9 billion and a profit of $2.7 billion. IBM's financial status and stock performance indicated strong positive movement during this period.
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