At an investor briefing in May, IBM's Chief Financial Officer Martin Schroeter said new research and development was essential to refreshing the hardware sector, which he expects to stabilize in 2014 and grow in 2015.

Silicon chips, which have been made smaller every year, are reaching a point of diminishing returns, preventing chips from delivering performance improvements demanded by new technology, the company said.

"You might say this is not a good time to be in the silicon chip business, but it is a great time to be ready for the next thing. This is the next thing," said Richard Doherty a research director at The Envisioneering Group in Seaford, NY.

https://ca.finance.yahoo.com/news/ibm-bet-3-billion-over-five-years-hoping-215540465--finance.html

,,There is only one poet"