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.

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