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Big Blue bleeds more red in Q4, promises better days to come

Man Mountain

The IBMer getting very defensive there! 23% margin in the sectors that IBM remains in is nothing to write home about! Wasn't their justification for selling off all the bits that have gone that they wanted to focus on higher margin areas? IBM have a number (a declining number) of customers welded to them, but I don't see them winning any new business anywhere! This downward spiral doesn't look like finishing any time soon.

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