IBM’s struggles in the cloud computing era
International Business Machines Corp. (IBM) has thrown in the towel. After reporting disappointing third-quarter numbers, the company gave up a long-time earnings target of $20 dollars per share.
IBM’s CEO Virginia Rometty told analysts that it is time for the company to “reinvent” itself for the era of cloud computing services.
Barry Randall, who oversees the Crabtree Technology portfolio, sees big challenges ahead for Big Blue. Here’s his take.
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