Joins ranks of US-listed Chinese firms selling shares in Hong Kong to expand their investor bases and to hedge against deteriorating Washington-Beijing relations.
Africa’s largest fiber-network operator is planning to expand its data center unit in five of the continent’s fastest growing countries.
Data center chip sales to enterprises dropped due to weak economy; sales to cloud platforms are expected to slow in the current period.
With Goldman's backing, Scott Peterson’s Global Compute plans to build a global data center platform.
The unit is investing $500 million in former Digital Realty executive Scott Peterson's venture Global Compute Infrastructure.
“This is one of the last quarters where IBM’s lagging hardware business will drag down performance."
The move is expected to make IBM more of a software company and less of a low-growth services vendor.