IBM Earnings: Sales Sink Again for the Ninth-Straight Quarter - Businessweek

Another take on IBM's strategic priorities

"The company still managed to beat Wall Street’s expectations on its preferred financial measurement of adjusted earnings per share, as it usually does. Big Blue has sworn to hit an adjusted $20 per share annually by the end of next year, a plan officially known as Roadmap 2015 and which employees call Roadkill 2015. With falling sales, the imperative to keep delivering higher earnings has meant imposing deep cost cuts, racking up debt to pay for buybacks, selling business lines, cutting jobs, and devising tax-rate cleverness—all at a time when IBM should probably be throwing everything it has at the cloud."

IBM Earnings: Sales Sink Again for the Ninth-Straight Quarter - Businessweek