Bad news for International Business Machines Corp. (NYSE:IBM) might translate into good news for Monitise Plc (LON:MONI) (OTCMKTS:MONIF), the U.K.-based software developer for mobile banking systems that has been previously reported on in ValueWalk.
IBM’s earnings woes caused by industry-wide shifts
In a new BTIG Research report, analyst Mark Palmer disputes the mainstream reports the reason for IBM’s earnings woes were due to the fact big blue didn’t keep up with industry-wide shifts in technology. Not only is this the wrong issue, but its misdirection covers up the real opportunity.
In International Business Machines Corp. (NYSE:IBM)’s comments after the earnings report, Ginni Rometty, the CEO brought in to re-invigorate an old...
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