IBM 3Q disappoints as it sheds 'empty calories'
Monday, October 20, 2014 - 15:30
in Mathematics & Economics
IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more than 7 percent as investors sold off sharply and the stock dragged the Dow 30 into the red.