How did Ginny Romney handle the challenges faced by IBM?
IBM Pays $1.5B to Dump Unprofitable Chipmaking Unit
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IBM has agreed to pay GLOBALFOUNDRIES $1.5 billion to take over its unprofitable chipmaking unit. This decision results in a pretax charge of $4.7 billion for IBM, impacting its earnings report. Despite the financial hit, IBM is focusing on cloud computing, although it is considered late to the market. The video also includes a personal disclosure of IBM shares held by the speaker, noting a rise in premarket trading.
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What was the latest trade price of IBM shares mentioned in the text?
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