In an article on CNBC, Josh Lipton said that International Business Machines Corp. (NYSE:IBM) faced a tough year 2014. It was the only tech company whose stock went down, as low as 15%. The company has lost its charm and it will have to go an extra mile to catch up in order to imbibe back the investors.
Cloud was the decisive area of technology in 2014. International Business Machines Corp. (NYSE:IBM) failed to seize the Cloud markets, thinks Lipton. The CEO of International Business Machines Corp. (NYSE:IBM) has recently said that IBM will have to focus on innovation. Cloud customer base of IBM will be the key factor in giving back the image and revenues.
Lipton said that Cloud is still a small part of IBM’s overall business. Perhaps the key factor which changed the game for International Business Machines Corp. (NYSE:IBM) were the small startups, which rolled out effective solutions for the Enterprise. International Business Machines Corp. (NYSE:IBM)’s Cloud-based platforms and solutions are costly. They target a selective domain of the industry, which is already taken over by Microsoft, Oracle, Amazon and other Cloud players.
The source quoted Brian White, an investor, who is still giving a BUY rating for International Business Machines Corp. (NYSE:IBM). The company has reached a 20 year all-time lows. The CEO of IBM will have to adapt the transformation strategy in order to boost the revenues and attract investors in 2015.
International Business Machines Corp. (NYSE:IBM) says that its mobile business has doubled and its data analytics business has grown by 8% to $16 billion, which is pretty impressive.
As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC).
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