IBM Plunges on Abandoned 2015 Earnings Forecast

The transcript discusses IBM's challenges in transitioning to cloud computing, highlighting issues with demand and execution. IBM's cloud strategy is scrutinized, revealing its lag behind competitors like Amazon and Rackspace. Financial guidance and the EPS roadmap are also addressed, with IBM lowering its expectations. The company is urged to invest more in R&D, particularly in cloud technology, to improve its market position.

What challenges is IBM facing in transitioning to cloud computing?

How does IBM's revenue from cloud computing compare to its total revenue?

What fundamental problem did IBM acknowledge regarding its EPS roadmap?

What is the significance of IBM's guidance for adjusted EPS for the current year?

What steps might IBM need to take to improve its position in the cloud market?