The Week Ending April 20
Topping this week's roundup of those having a rough week is Cisco, which disclosed that some of its systems installed at customer sites are under attack by Russian hackers.
Also making the list this week are Intel, which shut down its New Devices Group; IBM, whose stock was punished when its financial guidance for the rest of 2018 disappointed Wall Street; VMware, which is in danger of losing its CFO to Uber; and the IRS, whose IT system crashed at a really, really bad time.
Not everyone in the IT industry was having a rough go of it this week. For a rundown of companies that made smart decisions, executed savvy strategic moves – or just had good luck – check out this week's Five Companies That Came To Win roundup.