IBM facing "rocky time", but poised for change, CEO says - NYT
(Reuters) - IBM Corp is facing a "rocky time," Chief Executive Virginia Rometty told the New York Times, but said she and the company now have a clear vision on how to pursue another generation of growth.
"We are transforming this company for the next decade," she said, sounding a theme she plans to use on Wednesday at the company's yearly meeting with investment analysts, the New York Times reported. (r.reuters.com/vuz29v)
IBM, the world's biggest technology services company, last month reported its lowest quarterly revenue in five years, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China.
The company has jettisoned less profitable business and made major commitments in new fields — like technology to help customers find insights in today's flood of digital data, and cloud-style computing in which processing and software is delivered remotely over the Internet, the NYT reported Rometty as saying.
(Reporting by Supriya Kurane in Bangalore; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Indians keep faith with Modi, best hope for economy - poll
- Oil ministry to seek Cabinet nod on diesel deregulation - sources
- Kentucky firefighter critical after ice bucket challenge mishap
- Kerala, India's wettest state, to go dry - in 10 years
Suppliers to Apple are scrambling to get enough screens ready for the new iPhone 6 as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said. Full Article
Xiaomi ordered sapphire glass for limited edition phone - S.Korea newspaper. Full Article
Qualcomm will strive for resolution to China anti-trust probe-regulator. Full Article