Google Inc (GOOG), Apple Inc. (AAPL) & The Three Largest Surprises in Technology This Week

That’s why Cirrus’ report reinforced the conclusions you might draw from Verizon Communications Inc. (NYSE:VZ)’s and paints a bad picture for iPhone 5 sales when Apple Inc. (NASDAQ:AAPL) reports earnings on Tuesday.

Destroy, build, destroy
This last one is a head-scratcher for me. International Business Machines Corp. (NYSE:IBM) reported weak first-quarter sales this week, hampered by the sequester and government upheaval in China. OK, these things happen — not very often, but that’s life.

The shocking part of International Business Machines Corp. (NYSE:IBM)’s story this week is what the company is doing to get through these headwinds. Big Blue is reportedly trying to sell its server division to Chinese systems builder Lenovo.

Now, IBM and Lenovo have a well-documented history since IBM sold its consumer-grade systems division to the same company eight years ago. But that transaction was part of a very successful and sensible focus on the enterprise computing space. IBM has become the envy of that industry with an unmatched portfolio of complete solutions from hardware to software to support services — and now Big Blue wants to dismantle that legendary business model?

I don’t get it. At all. Neither did many investors, and IBM shares fell 10% this week on the one-two punch of this crazy idea and the soft earnings report.

The article The 3 Biggest Surprises in Tech This Week originally appeared on Fool.com.

Fool contributor Anders Bylund owns shares of Google, but he holds no other position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+.The Motley Fool recommends Apple and Google and owns shares of Apple, Cirrus Logic, Google, and IBM.

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