(Bloomberg) -- IBM’s Ginni Rometty on Thursday said she plans to spend $4 billion to boost sales from new businesses to $40 billion over four years, as she prepared to face investors eager to see signs of reinvention at the company.
International Business Machines Corp.’s shares have fallen 11 percent since Chief Executive Officer Rometty tossed a long-held earnings-per-share goal in October. And the 103-year -old technology giant’s profit for 2014 represented the first drop on that basis in more than a decade.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access