Intel Corp (INTC)

[chipguy]

IBM hardware results for Q1:

http://www.ibm.com/investor/attachments/events/IBM%201Q14%20Earnings%20Pres%20Release.pdf

overall - down 23% YoY

system z - down 40%
system p - down 22%
system x - down 18%
IBM Micro - down 16%
storage - down 23%

IBM has sold off system x. How long will it dump money
into Power given the rapidly shrinking Unix server market?

I expect IBM is looking for a long term relationship with a
foundry partner for fab'ing z chips so it can toss in the towel
for IBM Micro. Intel would be the logical choice especially
if its government customers wouldn't like mainframe chips
being made in Asia for national security reasons.