|
|
 |
|
|
Pages: 1
IBM Signs $5 Billion Contract With J.P. Morgan
(Click here to view the original thread with full colors/images)
Posted by: TotalRecall
LOS ANGELES (Reuters) - New York bank J.P. Morgan Chase and Co. said on Monday it signed a seven-year contract for information technology services with International Business Machines Corp. worth more than $5 billion as it moves to cut costs, mirroring similar moves by other banks.
The deal -- the largest services contract IBM has received from the financial services sector -- is a coup for the computer maker, which is increasingly focused on selling services rather than computers and other hardware, its traditional products.
Reuters has more.
|
|
|
|
|
