Boring IBM Just Got a Lot More Interesting

(Bloomberg Opinion) — Even after International Business Machines Corp.’s blockbuster $34 billion acquisition of whiz kid Red Hat last year, the company has struggled to change its image from a stodgy technology firm to a cutting-edge player in cloud-computing and software. Now a bit of financial engineering may help.Early Thursday, IBM announced plans to spin off its managed infrastructure-services business, which accounts for roughly a quarter of its revenue, by the end of 2021. It will be a significant business model shift: After the transaction, the company’s services segment will move from a majority to a minority of its …read more

Source:: Yahoo Finance

      

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.