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Ibm Struggles To Reinvent Itself In An Age Of Cloud


Ron Burgundy
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Visitors walk past the IBM booth at the 9th China International Software Product & Information Service Expo in NanjingBy Marina Lopes WASHINGTON (Reuters) - When IBM Corp CEO Ginni Rometty was asked recently for her tips on how to transform companies, she spoke of "relentless reinvention" and not protecting the past. Applying those precepts to IBM is proving particularly tricky as many of the company's old-line businesses have already been shut down or sold, while the units that are supposed to push future growth, such as cloud and security, face stiff competition. Earlier on Monday, IBM reported a marked slowdown in business in September and abandoned its 2015 operating earnings target. ...




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