Is IBM Failing in the Cloud?
Grazed from Wall Street Cheat Sheet. Author: Abbey
IBM’s winning streak ran into a problem this quarter as the revenue decreased due to hardware problems and economic uncertainty. On Thursday, the company stated a 1 percent dip in profit and a 5 percent drop in revenue, which caused some investors concern. The stock dropped more than 8 percent on Friday.
IBM has a reputation for dodging problems that affect others in the industry, and this has normally installed confidence in investors. Now though some analysts are speculating that the technology giant may be having problems due to cloud computing…

