I got the sense from yesterday's technology report from Goldman (putting AAPL on the buy list, and HPQ on the sell list), that IBM was on the 'old' technology list, given the target price they gave. (The report's target price was 150, where as I think IBM will see and surpass 150 w/in the next three weeks.)
Anyone who views IBM as 'old' technology did not do a good job researching the company. The company is transitioning, and transitioning very well, but the aspects that are viewed as 'old' (best example is mainframes) is really not accurate. Large companies still need sophisticated mainframes, period. Only so much can go to the cloud, but it just so happens IBM is also a cloud play.
Regardless, the most obvious example of IBM as a leading technology company is Watson. The Jeopardy challenge should highlight IBM's edge to those too lazy to take the time to understand the company. (Warning, when you start digging in the company, it will be hard not to be impressed :)