tag:blogger.com,1999:blog-2175221250397068442.post1852388036463032548..comments2023-09-20T14:49:49.816+02:00Comments on fasesdelabolsa: IBM profit falls 17%, lifts full-year outlook : ReportBilliehttp://www.blogger.com/profile/10170799879562687416noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2175221250397068442.post-557280350017430712013-08-07T09:43:37.516+02:002013-08-07T09:43:37.516+02:00International Business Machines Corp. is asking t...International Business Machines Corp. is asking the majority of employees in its lackluster systems business to take a mandatory extra week of vacation this month, instead of taking more extreme measures such as job cuts. Last month, the company reported disappointing second quarter results, including a 12% drop in revenue for the systems and technology business. It was the seventh straight quarter of year-over-year revenue decline for the business, which includes hardware.<br /><br />On Monday, the tech giant told employees in systems and technology, and employees in its integrated supply chain who support them, that a majority of them in the U.S. will take a mandatory week furlough, beginning either August 24 or August 31. They will receive the equivalent of one-third of their pay for the week. Executives will not be paid for the week.<br /><br />An IBM IBM spokesman declined to say for competitive reasons how many employees are in these businesses, nor how much the company would save by this measure.<br /><br />“In lieu of other options considered, this approach best balances the interests of employees and the competitiveness of the STG business,” an IBM spokesman said in a statement.<br /><br />Earlier on Tuesday, shares of IBM fell after its stock was downgraded by Credit Suisse analyst Kulbinder Garcha, who voiced concern that there is no organic growth at the company. One area he pointed to was the company’s mainframe and UNIX hardware businesses. which may become a drag sooner than many investors realize, and that the secular decline in these areas will have a big impact on IBM’s profitability. IBM has set a goal of meeting a target of $20.00 in earnings per share for 2015.geniopolis.nethttps://www.blogger.com/profile/11496455762705098909noreply@blogger.com