IBM investors claim the company misled them by shifting mainframe revenue to more modern departments like cloud and mobile technology, in order to prop up its stock price.
Infrastructure services unit to be spun off as a separate company
Red Hat governance, brands, headquarters and facilities to be retained under IBM ownership
Global Technology Services staff in the UK under threat as IBM commences consultation process
Status quo continues to be disrupted at IBM as revenues, profits and margins all head south. Again
IBM blames the sale of high volume, low margin businesses and currency shifts, but cloud and services struggle to make up the shortfall
Results "demonstrate that we continue to transform our business", claims CEO Ginni Rometty