Business
IBM to break up 109-year old company to focus on cloud growth – Sydney Morning Herald
IBM is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy busines…
Investors cheered the surprise move by chief executive officer Arvind Krishna, the key architect behind IBM’s $US34 billion acquisition of cloud company Red Hat last year, sending the company’s shares up 7 per cent.
“We divested networking back in the ’90s, we divested PCs back in the 2000s, we divested semiconductors about five years ago because all of them didn’t necessarily play into the integrated value proposition,” Krishna said on a call with analysts.
Big blue’s new focus
In a blog, Kr…
-
Noosa News21 hours agoGirl on scooter dies in Laidley, motorbike rider killed in Gatton
-
Noosa News16 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General20 hours agoBrisbane coach Michael Maguire backs Reece Walsh despite error handing Broncos defeat
-
Noosa News21 hours agoGirl killed in horror e-scooter crash in Laidley, Queensland