IBM Makes Big Investment In Future Direction
Months after inking a deal with Lenovo to sell its x86 server business, spending $2 billion to acquire SoftLayer and investing another $2.2 billion on data centers and Watson analytics technology, it was beginning to look as if IBM was shedding all its hardware business in exchange for software, services and the cloud.
On March 10, 2014, CEO Rometty decided to set the record straight. In a note to shareholders she wrote:
"Let me be clear -- we are not exiting hardware. IBM will remain a leader in high-performance and high-end systems, storage and cognitive computing, and we will continue to invest in R&D for advanced semiconductor technology."