Big Blue now second most valuable tech company, trailing Apple.

Big Blue now second most valuable tech company, trailing Apple.

Higher payout of 20 cents a share beats consensus forecast.

Higher payout of 20 cents a share beats consensus forecast.

Move to cloud computing bolsters revenue for IBM, Intel, Microsoft.

Move to cloud computing bolsters revenue for IBM, Intel, Microsoft.

Cloud offering seen as attempt to stave off competition from Google.