We had been assuming that IBM Corp’s $6,000m in charges against the fourth quarter figures included the $1,000m or so charges left over from the fourth quarter, but late yesterday it was suggested that the figure was on top of that, which implies a net loss for the year of $6,500m, more than double the […]
We had been assuming that IBM Corp’s $6,000m in charges against the fourth quarter figures included the $1,000m or so charges left over from the fourth quarter, but late yesterday it was suggested that the figure was on top of that, which implies a net loss for the year of $6,500m, more than double the figure last year; everything is falling apart, and Moody’s Investors Service Inc said it placed the company’s long-term debt ratings under review for possible downgrade – possible sounds an understatement.
