IBM to break up 109-year old company to focus on cloud growth

International Business Machines Corp is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.

Source: IBM to break up 109-year old company to focus on cloud growth

IBM is going to split off its legacy hardware division off from its Cloud division. The future is cloud computing.

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