Posted Jan. 17, 2014 at 7:21 a.m.

Premium Lock IBM to invest $1.2B in expansion of 'cloud' services

Published: 2014-01-17 07:21:00
Updated: 2014-01-17 07:21:00

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Inside an IBM data center Workings servers stand inside pod one of International Business Machines Corp.'s (IBM) Softlayer data center in Dallas, Texas, U.S., on Thursday, Jan. 16, 2014. IBM is scheduled to release earnings figures on Jan. 21. Photographer: Ben Torres/Bloomberg
Tags: IBM

IBM is trying to keep up as customers shift from buying their own computer servers to relying on the cloud, where data and applications are delivered online instead of being stored locally. A slump in demand for hardware has contributed to six straight reported quarters of declining revenue, forcing the company to adapt....

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