It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Big Blue trips over China Big Blue trips over China
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Big Blue trips over China
Reply
 
Thread Tools
Old 23rd January 2014, 07:31   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 148,055
Stefan Mileschin Freshly Registered
Default Big Blue trips over China

The ever shrinking violet Biggish Blue missed revenue expectations for the fourth straight quarter claiming it was seeing weakening demand for servers and storage in China.

Chief Executive Officer Ginni Rometty and her team will abandon their annual incentive payments for 2013 because IBM failed to increase revenue. China was particularly embarrassing as the government-owned corporations that IBM relies on for a large chunk of revenue stopped buying.

China represents five percent of IBM's business, about 40 percent of which is hardware sales. China was proving inscrutable, executives moaned and a new government headed by Xi Jinping is spearheading significant structural reforms that are affecting state-owned companies.

IBM Chief Financial Officer Martin Schroeder read his tarot cards and predicted growth will return towards the end of 2014 and he was "comfortable" that IBM would get back to mid-single digits across the growth market regions by the end of the year.

Revenue in that business, which includes server and storage products, fell for the ninth straight quarter as more companies switched to the cloud from traditional infrastructure.

http://news.techeye.net/business/big...ips-over-china
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Golden Spike unveils ambitious plans for $1.5 billion trips to the moon Stefan Mileschin WebNews 0 7th December 2012 08:55
Apple experiences a slump in China: iPhone out of China's Top 5 Stefan Mileschin WebNews 0 12th November 2012 08:55
GELID Launches the Slim 12 UV Blue and Slim 12 PL Blue Case Fans Stefan Mileschin WebNews 0 26th October 2012 07:31
Google optimizes Flight Search for tablets, makes booking trips easier Stefan Mileschin WebNews 0 1st October 2012 08:48
China greenlights Apple's third-gen iPad for 3G use, China Unicom smiles knowingly Stefan Mileschin WebNews 0 31st May 2012 09:48
China Goes 4G, Bypasses 3G jmke WebNews 1 31st January 2007 11:01
Thermaltake Blue Orb II Sidney WebNews 1 24th February 2006 10:13
Antec TP-II 480 Blue PSU Sidney WebNews 0 22nd May 2005 19:30
Razotech's Blue LED Ram Mod Sidney WebNews 0 11th March 2005 16:08
Microsoft Streets and Trips Review Sidney WebNews 0 8th November 2004 04:08

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 21:39.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO