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)
"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.
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. "
Wall Street skittish on growing threat to IBM's SaaS, cloud | ZDNet
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