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IBM results hit by stronger dollar
IBM results hit by stronger dollar
(FOCKE STRANGMANN/AP)

IBM has head in cloud and feet in hardware

Three loud cheers and a couple of silent fist-pumps are in order for IBM chief executive officer Ginni Rometty and her top executives for giving up their 2013 bonuses after another less-than-stellar year of falling revenue, slipping earnings and weaker cash flow. It’s a rare event when executives of profitable public companies leave money on the table – especially in tech land.