IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more than 7 percent as investors sold off sharply and the stock dragged the Dow 30 into the red.

Is it too late for IBM? Or can Big Blue weather the competition as it transforms its business for the cloud?

Remaking itself is something IBM has done many times through its long history. Starting more than a century ago in punch-card tabulators and time clocks, it grew to encompass the giant mainframe computers and Selectric typewriters of the 1960s and launched its revolutionary personal computer in the 1980s.

But by the early 1990s its early lead in personal computing was destroyed by tough competition that left it on the brink of bankruptcy. So CEO Lou Gerstner reinvented the company's mission to focus on providing technology services to businesses and government. Business soared technology and business services account for more than half of IBM's revenue today.

But the huge company 431,000 employees at last count has struggled under the weight of capital-intensive businesses as nimbler competitors led expansion into cloud services, in which software and data storage run on servers connected to the Internet rather than on computers on the users' desktops. It faces companies such as Amazon.com and Salesforce.com that already offer "software as a service" to businesses in specialized areas. That new challenge has flattened out sales for IBM's services businesses.

"While the newer strategic areas are seeing significant growth, the traditional businesses are still declining at a faster pace," Wells Fargo analyst Maynard Um wrote in a note to investors Monday.

In the third quarter, IBM reported a 15 percent drop in hardware revenue, now just 11 percent of IBM's business. Services revenue was flat when adjusting for currency-exchange effects and the sell-off of a customer care outsourcing business. Software revenue, which made up 27 percent of total revenue, slipped 2 percent.

Part of the solution for IBM is to shed some of those older businesses, what CEO Ginni Rometty calls "empty calories." Besides Monday's sale of the chip unit, earlier this month the Armonk, New York company sold its low-end server business to Lenovo Group for $2.1 billion. At the same time, it has been making new investments to catch up in cloud computing. IBM opened a new center in North Carolina last month that provides cloud services to help companies keep running in the event of a disaster. Rometty said on CNBC Monday that said growth rates for its cloud businesses are exceeding 50 percent.

The Globalfoundries and Lenovo deals make sense as a way to minimize exposure to hardware, but IBM has not shown improving momentum in software and services, said Steve Milunovich of UBS in a client note.

Rometty told CNBC that one strategy not under consideration is that pursued by Hewlett-Packard Co. splitting the company in two. She said IBM has been aggressive about changing internally.

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IBM 3Q Disappoints as It Sheds 'Empty Calories'

PORT ORANGE, Fla.

Channel 9 continues to search for answers after a father shot his three children and then himself at his family's Port Orange home last week.

Last week, 52-year-old David Mohney shot his three children, killing two, before turning the gun on himself at their home in the Spruce Creek Farms subdivision.

A neighbor told investigators that he took action to keep David and Cynthia Mohney's children safe as the divorce between the couple had been getting heated.

Investigators said the only surviving child, 9-year-old Lauren Mohney, remains in stable condition at Arnold Palmer Hospital, where she is in a medically-induced coma.

Autopsies said the deaths of Savanna Mohney, 14, and David Mohney, 11, were the result of gunshot wounds.

Channel 9's Karla Ray learned the Mohney's neighbor, who Channel 9 is not naming, had been holding onto David Mohney's weapons out of concern for the family.

Just recently, the neighbor gave one of those guns back to David Mohney, who said he wanted to go shooting with a friend a few weeks ago. Mohney eventually used a 9mm handgun to shoot his children, though it's unclear whether it's the weapon that was returned to him.

Early that morning, Cynthia Mohney ran to the neighbor's house begging for help, saying her husband threatened her with a gun, authorities said. The neighbor then called 911.

"This has been a real screwy damn thing. Been going on for months," the neighbor told dispatchers.

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911 call sheds light into family after Port Orange man kills children, self

In confirming a Wall Street Journal reported Monday, IBM said it was finally successful in getting rid of its unloved semiconductor operations. But shedding the unit comes at a cost.

IBM said it would pay investment company Globalfoundries a total of $1.3 billion (1 billion euros) within the next three years to take the chip operations off its hands.

"After months of on-again, off-again talks, IBM Chief Executive Officer Ginni Rometty finally struck a deal to jettison the chip-making unit, which has been a drag on earnings," Bloomberg reported on its web page.

Long-term partnership

Earlier reports indicated that the production of microelectronics accounted for less than 2 percent of IBM's revenue, with the division estimated to lose as much as $1.5 billion annually.

Bloomberg explained that Globalfoundries, owned by an investment arm of the government of Abu Dhabi, was taking on the unit to tap the expertise of its engineers in the fundamentals of semiconductor design and manufacturing.

In a 10-year partnership, Globalfoundries would supply IBM with Power processors in exchange for access to IBM's intellectual property.

hg/uhe (Bloomberg, Reuters, dpa)

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IBM sheds loss-making semiconductor unit

Walkerton, Ind. It is an exciting day at Walkerton Elementary School as they celebrate a new addition. Monday, they are having a dedication ceremony for their new Moderate Room playground. The dedication starts at 6:15 p.m. at the school. There will be a ribbon-cutting ceremony and light refreshments.

The new playground may look like your typical jungle gym but it also serves another purpose.

We have students with autism, down syndrome and a variety of intellectual disabilities, explains Moderate Room teacher Lisa Rizek.

This playground still has your typical activities like swings, a sand box, spinning and more, but to these kids those everyday activities mean more than just fun.

The playground was designed to have a place for children to play that is safe, but also to provide sensory input that is necessary for certainly attending and also to work on muscles, building core strength, posturing, and also to develop fine motor skills, continues Rizek.

Plus, it burns off energy. Something Rizek says is essential so these kids can calm down and focus on classroom work.

Some of our children are even learning play skills necessary to play with other children in large groups, says Rizek.

The teachers first thought it would be loud, for their classrooms, and they have realized that there are not that many students out there, at the most 7 or 8, says Walekrton Elementary School Principal Tim Davis.

Now, this specialty playground is something not every school has. In fact, it's considered a luxury item. With the help of the Walkerton community they were able to get this $15,000 playground built and thanks to extra help from volunteers, install it in just 10 months.

Again, I am thankful to be in a great corporation like John Glenn School Corporation and that we have the ability to really provide for our students what they need to be successful in the classroom and throughout their lives, says Rizek

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New playground caters to kids with special needs

Bears Central

Sun Oct.19 Home vs Miami Dolphins

Sun Oct.26 Away vs New England Patriots

Sun Nov.9 Away vs Green Bay Packers

Keep up with your favorite teams and athletes with daily updates.

(CBS) Bears kicker Robbie Gould has downplayed the locker roomcommotion between arguing players that was easily audible through double doors for the media to hear after Chicagos ugly 27-14 loss to Miami on Sunday at Soldier Field.

Receiver Brandon Marshall got into it with quarterback Jay Cutler and Gould as well, according to reports. Gould didnt confirm that he and Marshall had an argument, saying the two have a great relationship and attributing the hoopla to emotions running high after the Bears dropped to 3-4, a record Marshall admitted was unacceptable.

I wouldnt give this any more attention than this needs, Gould said in an interview with the Spiegel and Mannelly Show on Monday morning. Everyones trying to make a story out of something that wasnt really that big of a deal.

What happened in the locker room wasnt anything thats out of the ordinary, wasnt anything thats different that happens in other teams situations. To be honest with you, its just a matter of people trying to find a story because we lost. There wasnt anyone called out. There wasnt a situation that was over the top. Theres nothing I would read into this.

Everyones frustrated, everyone wants to win.

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Robbie Gould: Locker Room Hoopla Wasnt Out Of The Ordinary

By EMAD MASROOR

Today, actress Ashley Malloy will perform the stage play My Name is Rachel Corrie in the Memorial Room of Willard Straight Hall. As people across the world continue to stand in solidarity with Palestinians, especially after the relentless two-month-long pummeling of Gaza this summer, Cornellians would do well to remember the life of Rachel Corrie.

Rachel Corrie was an American college student who went to Gaza in 2003 as part of a senior-year assignment to connect her hometown Olympia, Washington with Rafah in the Gaza strip in a sister cities project. While in Gaza, she was an active part of the International Solidarity Movement and engaged in nonviolent resistance against the Israeli military. On March 16, 2003, as she stood in the way of a Palestinian home being demolished, Rachel was crushed to death by an IDF Bulldozer.

In many ways, the story of Rachel Corries death symbolizes every story of Israeli aggression. The facts, as always, were simple: The Israeli army killed Rachel Corrie. To this day, Israel continues to try and weave a story that somehow makes it look better than it was, with excuses such as The operator didnt see her, or she put herself in a dangerous situation and so on. None of these statements, however, can mask the fact that her death was a cold-blooded murder committed with impunity.

This impunity has been the hallmark of Israels relationship with the Palestinian people across decades. These past few months saw a brutal campaign that killed more than 2,000 Palestinians; children were ultimately the targets of attacks on the beach and in playgrounds, the wounded were targeted in ambulances and inside hospitals, families were obliterated in the safety of their homes. And, yet, the IDF found ways to sell even this story to the media, claiming that the massive operation was somehow an expression of Israels right to defend itself. Many in Israel lauded the use of warning missiles that would knock on the roof of homes before the more deadly strike, as proof of their commitment to humane methods of war. Flyers asking residents to leave were dropped over neighborhoods before they were bombed, conveniently criminalizing entire communities already living under one of the harshest blockades in recent times.

But even if words like occupation, blockade and open-air prison mean nothing to you, the comparative death toll (2,104 Palestinian, 72 Israeli) speaks for itself. When you defend acts like Operation Protective Edge, you defend mass murder.

Rachel Corries parents sued the state of Israel for a symbolic one U.S. Dollar. After almost ten years, an Israeli civilian court upheld the military investigation in 2003 which had concluded that the Israeli government was not responsible for her death. Indeed, one soldier even said later, Maybe she was hiding in there, implying that Rachel had been responsible for her own death. In what moral logic can the victim of a murder be responsible for her own death? Yet the chilling fact is not that this happened once, but that Palestinians continue to be blamed for their own deaths every day. For example, once a house has been hit by a warning missile, the IDF treats those inside as combatants for refusing to leave their homes. A writer in the Wall Street Journal goes as far as to make the ludicrous claim that to qualify as a civilian, one has to do more than simply look the part. According to this logic, all Palestinians are by definition combatants unless they abjectly submit their lives and dignity to Israel and somehow qualify as civilian, whatever that means.

Israel committed an act of aggression, with the (no doubt profitable) complicity of a multi-national corporation. (Caterpillar, by the way, continues to provide Israel with military bulldozers whose very purpose is to demolish homes. It also provides construction machines used on Cornells campus). The United States looked the other way. And instead of getting justice, the victim was blamed for it. A massive public relations campaign from the Israeli government then did its best to cover up for these crimes. This pattern as played out with the death of Rachel Corrie or Operation Protective Edge is not the exception but the rule.

Meanwhile, the conditions under which Rachel died the virtual inability of Palestinians to build homes on their own land have only gotten worse. The only democracy in the Middle East has demolished more than 27,000 Palestinian homes, businesses, livestock facilities and other structures in the Occupied Palestinian Territories since 1967. A third of the structures in East Jerusalem are awaiting demolition orders, even as Jewish-only settlements continue to be added to the municipalitys limits. This number is in addition to the hundreds of entire villages and neighborhoods which were emptied of their residents in the more overt form of ethnic cleansing carried out in 1948. According to the Israeli Committee on House Demolitions, more than 94 percent of Palestinian permit applications in recent years for East Jerusalem or Area C (60 percent) of the West Bank have been denied by Israel.

What is most inspiring about Rachel Corrie is that she took the leap from awareness to action. Many of us know exactly what is going on in Israel-Palestine and yet fail to act. The Palestinian people have suffered far too long for mere words or abstract dialogue to make any difference. Instead, we must work in solidarity with the people living under occupation and apartheid just as Rachel Corrie did in order to support indigenous resistance to modern colonialism. For a start, we as consumers in American society or as members of the Cornell community can begin by honoring the call from Palestinian civil society to boycott, divest from and sanction Israel until it complies with human rights and international law.

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GUEST ROOM: Remembering Rachel Corrie

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