The Week Ending April 21
Topping this week's roundup of companies that had a rough week is IBM, which reported its 20th consecutive quarter of declining sales and saw its stock punished as a result.
Also making the list this week were Verizon, for its less-than-stellar earnings report that included its first decline in wireless subscribers; Zscaler, which faces additional patent infringement claims from Symantec; Qualcomm for having to pay nearly $1 billion to BlackBerry in a royalty payment dispute; and InterContinental Hotels Group for a security breach at more than 1,100 of its hotel properties.
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.