https://www.dailymail.co.uk/news/article-6562823/Former-IBM-employee-57-accuses-company-firing-age-discrimination.html A former IBM employee is suing the IT company, alleging she was fired because of age discrimination. Terry Keebaugh, 57, was fired... — read more
IBM commercials
Last night I saw an IBM commercial claiming that Watson can improve call center efficiency. I guess diagnosing cancer is too hard. Then I saw a commercial where IBM Cloud can do something, I don't know what, with racing cars? IT looks like IBM... — read more
LA sues IBM over the use of Weather Channel consumer data
I really don’t know how this lawsuit is going to end, and I understand that the use of consumer data is a sensitive area, but I recognize IBM’s sneaky practices of saying one thing and doing another. When will they learn that things like this can... — read more
IBM RA Severance Pay
I can't fathom how they can change the severance pay. When I was absorbed by IBM, we were sold on the company culture and being true blue etc. Part of the reason I didn't jump ship was that they had specific benefits at the time. I never imagined a... — read more
IBM's Seterus mortgage-services Sold
https://www.businessinsider.com/ibm-sells-mortgage-services-product-seterus-2019-1 IBM sold its Seterus mortgage-services business to Mr. Cooper Group, the companies announced Friday. The terms of the deal weren't disclosed, though IBM said Seterus... — read more
Ex-employee accuses IBM of ‘longstanding and pervasive’ age discrimination
facebook.com/IBMwatchdog/
Has anybody seen this?
This has IBM written all over it. A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often... — read more
IBM claims that AI will reshape marketing
I see that IBM is trying to aggressively push their planes regarding the application of AI in the sector of marketing into the media. Maybe in terms of publicity, after the Watson disaster in cancer treatment, the smart thing to do was to switch the... — read more
IBM-owned Weather Company sued for covertly mining user data
According to the lawsuit filed by the government, the Weather Company, the business behind the app, deceptively collected, shared and profited from the location information of millions of American consumers. The app unfairly manipulated users into... — read more
IBM selling more assets
IBM selling its Seterus platform... this is more evidence that the company is cleaning up shop to divest one or more divisions to pay for the Red Hat acquisition... — read more
Watson Health
My husband left a good job with Philips in 2016 to join Watson Health. Should we be worried about layoffs this quarter?
A sense of “slow” panic
IBM is very concerned as to how 4th Q and full year results will be received. If results come in “light” look for an announcement “sooner” as the board and management can’t take the inspection anymore (they are out of excuses and runway). The much... — read more
Dilbert -- Wednesday, January 2, 2019
https://start.att.net/comics/title/Dilbert/date/20190102/
2015-2018 was bad time for stock buybacks
https://www.cnbc.com/2018/12/11/investors-should-be-furious-3-stock-buybacks-that-went-horribly-wrong.html If IBM senior management's lack of vision is not enough, according to CNBC, their bad timing puts them in the bottom 4. We have watched the... — read more
IBM’s 2019 strategy. YES article says 2021,BUT it’s going to happen far faster with selloffs and spinoffs
https://www.forbes.com/sites/steveandriole/2018/11/01/ibms-post-red-hat-quandary-buy-build-or-dress-up-for-an-exit/#b7f0bb51dcb4
If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours
https://www.facebook.com/IBMwatchdog/posts/292909338236928 "In a story this year, ProPublica described how IBM has forced out more than 20,000 U.S. workers aged 40 and over in just the past five years..."
IBM & Sears = Prodigy > Amazon
In the mid 90's IBM and Sears sold their interests to this group for $200 million. It was estimated that IBM and Sears had invested more than $1 billion in the service since its founding. It's a shame someone at Prodigy did not have the foresight... — read more
Former AmEx Boss Chenault Leaving IBM, P&G Boards
It starts with a trickle. . . https://www.wsj.com/articles/former-amex-boss-chenault-leaving-ibm-p-g-boards-11545953913 Kenneth Chenault, the former chairman and chief executive of American Express Co. AXP 0.90% , is stepping down next year from his... — read more
Lawyer Blog - IBM Age Discrimination.
https://blogs.lawyers.com/attorney/discrimination/ibm-age-discrimination-52401/ "However, a spokesman for IBM claims that the layoffs over the years have nothing to do with age, but rather an attempt to acquire an updated skill set, which is not... — read more
My holiday wish for Ginni, the exec management team, and the board
https://www.youtube.com/watch?v=-H9l4tovIWk
Shareholder files suit over IBM-Red Hat deal
And it begins! https://www.bizjournals.com/triangle/news/2018/12/18/shareholder-files-suit-over-ibm-red-hat-deal.html Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been... — read more
Ginni gone in 2019?
We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management. The reality has been so different. Twenty two consecutive quarters of declining top-line revenue. $106 billion... — read more
It’s all about the cash flow
It’s all about the cash flow!!! Wall Street has voted thumbs down on Ginni’s public plan so far. That doesn't Mean they don't Think it will succeed, BUT they think Ginni and the current management team will not pull it off. Wall Street is putting... — read more
IBM’s Debt and Deal Make the Stock a Big Loser Again
Merry Christmas! https://www.barrons.com/articles/ibms-debt-and-deal-make-stock-a-big-loser-again-51545652800 Big Blue’s shareholders are getting used to seeing red. International Business Machine (IBM) stock has posted the third biggest decline in... — read more
IBM’s AI- an empty package wrapped in fancy paper
I swear that not one month goes by that I don’t run into an article on the new implementation of IBM’s AI. This time it covers the announced implementation in marketing. I generally don't have anything against the implementation of AI in various... — read more
This is what IBM wants
An employee with the wisdom of a 50 year old, the experience of a 40 year old, the drive of a 30 year old, and the pay scale of a 20 year old. It's painful accurate this is. Companies like IBM would really like to have all of that in one person but... — read more
Age discrimination
The following practices constitute age discrimination 1) Requiring workers to retire once they reach a certain age 2) Treating older workers worse than younger workers, by, for example, targeting them for layoff or discipline 3) Giving younger... — read more
IBM Christmas Carol Competition
Something to sing around our log fires this Christmas as we look forward to the BIG layoffs in 2019! Away in a condo on a six foot wide bed A deluded old Ginni lay down her sweet head The stock price was falling, many clients were fu**ked, But she... — read more
IBM Stock Price: $110.90 on 12/22/2018
We should be seeing the C-Suite folks buying a lot more shares soon. . . https://www.marketwatch.com/investing/stock/ibm
HCL bought a declining business...
$1.5 is a lot of money!!! https://www.realstorygroup.com/Blog/3304-IBMs-Selloff-to-HCL-4-Takeaways
Exclusive: China hacked HPE, IBM and then attacked clients - sources
Someone's definitely getting RA'd over this. . . https://www.reuters.com/article/us-china-cyber-hpe-ibm-exclusive/exclusive-china-hacked-hpe-ibm-and-then-attacked-clients-sources-idUSKCN1OJ2OY
IBM taps Samsung for 7nm processes
So we're getting deeper into bed with Samsung. . . https://seekingalpha.com/news/3418535-ibm-taps-samsung-7nm-processes
IBM and “legacy” services are over
I believe it is over as far as IBM and “legacy” services. IBM learned a very valuable lesson when they sold off System X. OVER SUBSCRIBE to the heads you are shifting. IBM will stuff that transaction as full as they can, and negotiate with Bain (or... — read more
IBM is blaming its customer hahah!
Way to go, IBM! https://www.theregister.co.uk/2018/12/19/ibm_v_co_op_insurance_130m_it_revamp_lawsuit/ IBM has blamed ex-customer Co-Op Insurance for the crash of a £55m project centring on Agile software development, but admitted the systems it... — read more
RedHat falls short of its sales expectations before the acquisition is complete
RedHat sales fell short of expectations wich can be seen in its latest earnings report. Even though there is no room to panic, as the sales are far from generally bad numbers, I see that some analysts and even IBM’ers are worried about this decline... — read more
This makes me laugh
The rumors about Services being sold are as old as the PWC acquisition itself. At the time we all thought it was a “flip” but 20 years on we still have them. Since the downward spiral began, we hear the rumors of a sale every year. Because of the... — read more
Holidays IBM Style
Modified from "Deck the Halls" Clear the halls with wads of RAs, Fa la la la la, la la la la. Tis the season to boost our net worth, Fa la la la la, la la la la. Don we now our market fa’-cade, Fa la la, la la la, la la la. Troll the public to spin... — read more
Financing the acquisition of RedHat
The real question is how IBM is going to finance the $34 Billion acquisition of Red Hat? IBM is getting $1.8 Billion from the software just sold to HCL. IBM has around $13 Billion of cash on hand, but they will probably use/spend only a fraction of... — read more
All working on the Jazz toolchain should get fired!
It is the worst an most unuseable tool chain I have seen in 20 years. Please stop this nonsense! Maybe IBM should not have outsourced development to the cheapest ODCs on the planet!