IBM’s struggles in the cloud computing era

By Barry RandallCovestor

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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Cloudy outlook

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

Continued learning: How the bust at GT Advanced Technology offers up a stark warning for investors.

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