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The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were prob ....
Lyft Inc said on Monday founders Logan Green and John Zimmer would step down as CEO and president, with board member David Risher taking on the top role as the ride-hailing firm struggles to keep up with bigger rival Uber. ....
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