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IBM misses second-quarter revenue estimates as tech spending cools

Enterprise software provider IBM's second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe computers as businesses cut tech spending. IT companies have warned of more pain as businesses striving to cut costs in the face of rising inflation snip tech budgets, hurting the industry that saw rapid growth during the COVID-19 pandemic when businesses rushed to adopt hybrid work. IT majors such as Accenture and India's Tata Consultancy Services have also flagged demand weakness, with the former missing market estimates for quarterly revenue last month after its North America revenue grew at its slowest rate in about three years. ....

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CNN The Inventor Out for Blood in Silicon Valley June 4, 2024 04:09:00

Blood samples for a white cell count. she dilutes the blood with a special fluid. and put the measured amount into a pipette. since really the clinical lab infrastructure began to develop. we ve had this highly centralized, very big analytical instruments, which require that much blood and therefore people have had to take tubes and tubes every time they do a blood drop. so laboratory testing hasn t changed since the 19 fifties. it s the closest thing to mainframe computers versus it s not even pcs versus mobile phones that that i ve ever seen right? so the timing is very ripe to change this paradigm. ....

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CNN The Inventor Out for Blood in Silicon Valley June 4, 2024 03:39:00

since the clinical lab structure started to develop we ve had this highly centralized very big analytical instruments which require that much blood and therefore people have had to take tubes and tubes every time they do a blood draw. so laboratory testing hasn t changed since the 1950s. it s the closest thing to mainframe computers versus it s not even pcs. versus mobile phones that i ve ever seen. so the timing is very ripe to change this paradigm. ....

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