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IBMbarrassed

20 October 2014 By Robert Cyran

Investors zapped $13 bln off Big Blue’s value after the firm ditched its 2015 goal of making $20 a share and had to pay to get rid of its chip business. That’s not the worst of it. What’s worrying is that CEO Ginni Rometty is sticking with the same plan that has sent sales lower.

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