IBM to Pay Globalfoundries $1.5 Billion to Take Chip Unit

The transcript discusses a company's financial results, including a payment to Globalfoundries and its impact on earnings per share. It highlights a $4.6 billion charge and revenue figures, noting a decline in stock value during pre-market trading.

What was the company's strategy regarding their chipmaking units?

• They intended to merge their chipmaking units with another company.

• They planned to sell their chipmaking units to Globalfoundries.

• They chose to close down their chipmaking units.

• They decided to expand their chipmaking units.

How did the company's operating earnings per share change?

• Increased by 10%

• Decreased by 10%

• Increased by 5%

• Remained the same

What was the revenue figure reported for the Americas?

• $3.68 billion

• $10.1 billion

• $4.6 billion

• $22.4 billion

What was the total revenue from continuing operations?

• $4.6 billion

• $3.68 billion

• $22.4 billion

• $10.1 billion

What was the market reaction to the company's financial results?

• The stock price was unaffected.

• The stock price increased significantly.

• The stock price remained stable.

• The stock price fell in pre-market trading.