Very true. The salient point is that they will continue to design the chips. 
That's a similar business model to ARM who do very well indeed without having 
to fab a single chip. 

On 08/02/2014, at 1:07 AM, "Farley, Peter x23353" <[email protected]> 
wrote:

> Nah, just the same-old, same-old -- if a line of business doesn't have high 
> enough margins or the potential for same, get rid of it.  That's been the 
> mantra in Armonk for a long, long time.
> 
> I forget which IBM CEO it was who promised share owners at an annual meeting 
> (or was it a stock analysts meeting? Not sure now) that IBM would never stay 
> in any low-margin business, and they have been remarkably consistent about 
> keeping to that philosophy over the decades.
> 
> Peter
> 
> -----Original Message-----
> From: IBM Mainframe Discussion List [mailto:[email protected]] On 
> Behalf Of Pommier, Rex
> Sent: Friday, February 07, 2014 11:53 AM
> To: [email protected]
> Subject: Re: OT? IBM looking at leaving the chip manufacturing business?
> 
> So current IBM management looks like they're trying to break the company into 
> a bunch of smaller companies like Akers(?) tried to do several years ago???
> 
> -----Original Message-----
> From: IBM Mainframe Discussion List [mailto:[email protected]] On 
> Behalf Of John McKown
> Sent: Friday, February 07, 2014 10:34 AM
> To: [email protected]
> Subject: OT? IBM looking at leaving the chip manufacturing business?
> 
> http://www.itworld.com/hardware/403814/reports-ibm-explores-sale-semiconductor-business
> 
> -- 
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