As board seeks higher bids, interested parties include Blackstone, Hewlett-Packard and Lenovo.

Microsoft planning to provide part of the funding.

Microsoft planning to provide part of the funding.

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.