21.10.2014 - Earnings report of IBM has led to a strong reduction in price
The American company International Business Machines reported its financial results for the 3rd quarter of 2014. The company announced the decline in revenue and as well informed on payment to the manufacturer of semiconductors Globalfoundries. According to the agreement IBM will pay $ 1.5 billion to Globalfoundries, which will continue to produce semiconductors. The company's revenue is not increased for the past 10 quarters. Total revenue fell 14%. Net income was $ 18 million. It is worth noting that the company announced the sale of a business that is engaged in production servers. We recommend selling the shares of the company with the potential for reducing up to 10% until the year-end.