We see IBM as 'dead money,' UBS analyst says

IBM Sign

IBM, which missed revenue estimates in its third-quarter earnings report , faces ongoing weakness in its business from emerging markets, UBS analyst Steve Milunovich said Thursday.

IBM shares skid after revenue miss

IBM Sign

IBM, the world's largest technology-services company, reported third-quarter earnings that beat Wall Street estimates but it missed revenue expectations.

IBM furloughs US employees to cut costs

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International Business Machines Corp (IBM) has said it’s requiring the majority of U.S. employees in its hardware unit to take a week off with reduced pay, cutting costs as demand slows for products such as servers.