IBM has "reassigned" Rodney Adkins, until now the head of its hardware and chip ops, following a...
IBM has "reassigned" Rodney Adkins, until now the head of its hardware and chip ops, following a dismal Q1 for the business, the WSJ reports. Tom Rosamilia, IBM's VP of corporate strategy and GM of enterprise initiatives, is said to have replaced him. Adkins' division saw a 17% Y/Y sales drop in Q1, headlined by a 32% drop in high-end Power server sales. Big Blue blamed the weakness on execution, but many suspect IT demand and/or industry trends are also responsible. The WSJ's scoop follows multiple reports claiming IBM's x86 server unit (-9% in Q1) is on sale.
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at CNBC.com (Mon, 6:45AM)
at Benzinga.com (Fri, 11:55AM)
at Benzinga.com (Fri, 8:12AM)
at Benzinga.com (Thu, 5:41PM)
at Benzinga.com (Thu, 1:46PM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs