IBM: IBM has "reassigned" Rodney Akins, until now...

7:40 AM IBM has "reassigned" Rodney Akins, until now the head of its hardware and chip ops following a dismal Q1 for the business, the WSJ reports. Tom Rosamilia, IBM's VP of corporate strategy and GM of enterprise initiatives, is said to have replaced him. IBM's hardware/chip division saw a 17% Y/Y sales drop in Q1, headlined by a 32% drop in high-end Power server sales. Big Blue blamed the weakness on execution, but many suspect IT demand and/or industry trends are also to blame. The WSJ's scoop follows multiple reports claiming IBM's x86 server unit (-9% in Q1) is on sale. Read comments

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