Updated Apr. 19, 2013 at 11:01 a.m.

Premium Lock Plunging hardware revenue sounds alarms at Big Blue

Published: 2013-04-19 10:56:00
Updated: 2013-04-19 11:01:58

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IBM's report on Systems & Technology performance IBM's report on Systems & Technology performance. (IBM graphic) Image 1 of 2 · Next Image…

Inside IBM's earnings: IBM's Systems and Technology Group (STG) revenue fell a reported 14% year-to-year excluding the divested Retail Store Solutions unit during 1Q13--with server and storage product lines all posting deteriorating revenue performance as compared to the prior quarter. IBM executives did not hide disappointment in this performance, indicating a commitment to workforce rebalancing....

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Well, considering that they just laid off several hundred people abruptly Tuesday, they found the money to do it. As Obamacare comes into play, you will see more getting whacked.
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