Notes of POWER Interest from the IBM 3Q 2013 Financial Report

by Chris Maxcer
Oct 23, 2013

In last week's conference call with investors, IBM's Senior Vice President and CFO of Finance and Enterprise Transformation Mark Loughridge reported on IBM's third quarter performance for 2013. In this quarter's report, IBM Power Systems revenue dropped off a cliff, landed in a lake, and sank like a stone.   Loughridge that Power revenue was down 37 percent at constant currency, with High Performance Computing accounting for 10 percent of the decline. Overall ...

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