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IBM spinning off legacy IT business to step up cloud competition with Amazon, Microsoft

International Business Machines Corporation (IBM) is spinning off a slower-growth business that manages corporate computer systems so it can focus on the boom in demand for cloud services and step up competition with Amazon and Microsoft.The new unit, which is currently part of IBM’s global technology services division, handles day-to-day infrastructure service operations, like managing client data centers and traditional information-technology support for installing, repairing and operating…

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