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Last week IBM announced that the company would be moving some of its lower-margin lines of business into a new company and that IBM itself would focus on higher-margin cloud services. This comes after a long effort by IBM to diversify away from its legacy businesses. IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries as a separate company with a new name by the end of 2021. The new company will have 90,000 employees and its leadership structure will be decided in a few months. This new company has no official name yet and