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IBM Furloughs: Blame Open Source Cloud Computing

Aug 06, 2013, 19:00 (2 Talkback[s])
(Other stories by The VAR Guy)

IBM will furlough U.S. hardware employees to cut costs in late August and early September 2013. Employees will take a week off with one-third pay, Bloomberg reported. Ouch. The key takeaway: Cloud computing is squeezing IBM's hardware business, and the value of IBM's x86 server business could be falling -- even more -- each quarter.

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