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.
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Barry Randall, who oversees the Crabtree Technology portfolio, sees big challenges ahead for Big Blue. Here’s his take.
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