The Week Ending July 21
Topping this week's roundup of those having a rough week is IBM, which reported its 21st straight quarter of declining sales.
Also making the list this week are Microsoft, which within an otherwise bullish Q4 earnings report disclosed that its mobile phone sales are so small as to be "immaterial"; Cisco, which scrambled to fix a vulnerability in its WebEx software; employees at supercomputer maker Cray, who faced layoffs; and Arista Networks, which lost the latest round in a long-running legal battle with Cisco.
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.