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IBM exits semiconductor business and re-creates itself

2014-10-20 20:34:27| Electronics - Topix.net

With its decision today to sell its semiconductor business, IBM is shifting from manufacturing to a company that focuses on research, software and advanced systems development. In announcing the $1.5 billion sale of its microelectronics manufacturing unit to GlobalFoundries, IBM emphasized several important things about its business, research and jobs direction.

Tags: business itself ibm semiconductor

 

Dow futures fall sharply after IBM profit miss

2014-10-20 18:49:01| Toys - Topix.net

As of 10:14 a.m. ET the Dow Jones industrial average is off 0.5%, a loss of 81 points, after dropping about 100 points just after the 9:30 a.m. opening bell. Dow struggling after IBM's big miss As of 10:14 a.m. ET the Dow Jones industrial average is off 0.5%, a loss of 81 points, after dropping about 100 points just after the 9:30 a.m. opening bell.

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IBM exits semiconductor business and re-creates itself

2014-10-20 17:36:11| Semiconductors - Topix.net

With its decision today to sell its semiconductor business, IBM is shifting from manufacturing to a company that focuses on research, software and advanced systems development. In announcing the $1.5 billion sale of its microelectronics manufacturing unit to GlobalFoundries, IBM emphasized several important things about its business, research and jobs direction.

Tags: business itself ibm semiconductor

 

IBM Pulls Profit Goal, Sees Slowdown in Client Spending

2014-10-20 17:36:10| Semiconductors - Topix.net

International Business Machines Corp. acknowledged it won't meet its goal of posting earnings of at least $20 a share next year, a target it stood by for five years, as the tech giant faces slowdowns in hardware and services sales.

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IBM pays $1.5bn to offload chip unit

2014-10-20 13:25:26| BBC News | Business | UK Edition

IBM is to pay $1.5bn in cash to offload its loss-making chip manufacturing division to Abu Dhabi sovereign wealth fund GlobalFoundries.

Tags: unit pays ibm chip

 

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