https://seekingalpha.com/news/3666517-blank-check-companies-sets-eyes-on-corporate-spinouts-or-vice-versa
2 replies (most recent on top)
No doubt... with IBM it is all about income/margins... yet, in order to make profits you need revenues, you just have to managed the expenses... Another thing that IBM has no clue about because there are too many managers (cost) at IBM!!!
This is a very interesting article NOTE the pie charts GTS = 35% of the revenue, but less than 1% of the income Now you know why has decided to spin them off
https://www.investopedia.com/how-ibm-makes-money-4798528