IBM Q3 Struggles Amid Market Transition

By | October 20, 2014

Scalper1 News

Amid a transition that includes the sale of several large businesses, IBM reported disappointing third-quarter earnings Monday, lowered its outlook and announced that it’s selling its chip unit. Santa Clara, Calif.-based GlobalFoundries is buying the chip manufacturing unit for $1.5 billion. On Oct. 1, IBM (IBM) completed the sale of its low-end server business to China’s Lenovo for $2.3 billion. “IBM ran into an overall market for information Scalper1 News

Scalper1 News