Wednesday, February 12, 2014

IBM Sales Slide, Uses Dutch Tax Haven to Boost Profits

IBM Uses Dutch Tax Haven to Boost Profits as Sales Slide - Bloomberg: "... IBM is increasing its bet on cloud services with a plan to invest $1.2 billion in its SoftLayer Technologies Inc. network-infrastructure business. The company is also spending $1 billion to build a new division around its Watson supercomputer, which can analyze large volumes of data and answer questions in conversational language. It’s becoming more difficult to find other areas where IBM can cut costs, making it hard to see how IBM can meet its earnings targets, Toni Sacconaghi, an analyst at Sanford C. Bernstein & Co., said in a note to investors. “The model is increasingly strained,” he said. “IBM risks being tethered to its road map to the detriment of its longer-term financial health."..."

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