IBM is far from not being player in the computing industry. Maybe not the OS segment, but they are doing just fine and they can always fall back on their typewriter patents.
IBM's closing value of $214 billion on September 29, 2011 surpassed Microsoft which was valued at $213.2 billion. It was the first time since 1996 that IBM exceeded its software rival based on closing price. On August 16, 2012, IBM announced it entered an agreement to buy Texas Memory Systems.  Later that month, IBM announced it has agreed to buy Kenexa. The acquisition is expected to close in the fourth quarter. The deal is worth $1.3 billion dollars and was paid in cash by IBM.