IBM ditches chipmaking business, looks to cloud as Q3 numbers get slammed
Analysis If Google is struggling with its numbers, then there isn’t much hope for everyone else. The third quarter financial results have been a bit of a struggle across the board, but the big legacy tech vendors are really starting to feel the heat. Oracle’s revenues only went up 3% year on year, lower than Wall Street expected, while SAP’s marginally went up but its software division took a hit. Now it’s IBM’s turn – and the findings don’t look good.