"IBM was downgraded on Monday amid warning bells that the computing giant is struggling to garner growth in the cloud and Software-as-a-Service (SaaS) field.Wall Street skittish on growing threat to IBM's SaaS, cloud | ZDNet
According to Barclays Capital analyst Ben Reitzes in a note to analysts, the mainframe "catalyst" is over, leaving IBM's traditional server business in trouble. But, the positive benefits from analytics, which the company is expanding into, will be offset by "secular" shifts to the cloud and SaaS. "
Tuesday, October 08, 2013
Wall Street skittish on growing threat to IBM's SaaS, cloud | ZDNet
In other IBM news, see Amazon wins big ruling in fight to keep $600M CIA contract (Seattle Times)