Based on the information coming out it's far more fact than rumor. And blaming the administration, any administration, for a company's woes is a cop-out. And the end of the day IBM's problems are solely the result of poor management and the bad decisions that they made. That would be true regardless of who is in the White House.
I had read some not-so-great things about the CEO of IBM...very critical. Management screwups cause serious damage.