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IBM's policy seems to have changed recently. https://www.theregister.co.uk/2017/02/08/ibm_no_more_telecom...

From your article: "IBM has spent the past couple of years undertaking a massive turnaround effort to transition from its servers and services business model to one focused more on cloud, security, analytics, and mobile. That turnaround has brought with it thousands of job cuts."

While it's obvious that IBM is trying to cross the same CASM (cloud, security, analytics and mobile[1]) as their "West Coast competitors", I'm glad that IBM is still investing in basic research as per the OP submission.

[1] https://dupress.deloitte.com/dup-us-en/deloitte-review/issue...

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