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    IBM Ace in the Hole Could Save the Stock thumbnail

    A lot of things went wrong with IBM’s Q3 earnings report, ultimately slashing 6% from the stock in the past two days. The one thing that went right, however, was Red Hat, Big Blue’s blockbuster $34 billion cloud-focused acquisition that closed over the summer. IBM’s legacy business, meanwhile, is a stumbling block, as evidenced by five straight quarters of declining revenue growth. The cloud, which is where Red Hat comes in, was a bright spot, with an 11% jump in Q3 sales to $5 billion. If ever the writing was on the wall for a company to make a change at the helm, it’s in the halls at IBM. Source: Yahoo FinanceRed Ha
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