https://247wallst.com/technology-3/2020/11/10/nothing-can-help-ibm-dig-out-of-its-problems/
7 replies (most recent on top)
@1jbz+17XQeGxo - No not saying the gov't need to intervene in IBM's affairs at present.
I'm saying... the mass of cash flow and assets... isn't just going to somehow "disappear"... it may change form... but it's not going to evaporate into nothingness.
Granted, that may have negative consequences for any given individual.
Many speak/write as though the totality of IBM is going to just go to zero in a heartbeat... somehow I don't think so.
It doesn't look good... it's not a growth engine... but far from over, as well.
The Big 3 Auto Makers were "doomed" and they are still here.
Are you saying IBM can only be saved by a government bailout?
Blah, blah, blah. Exaggerated click-bait doom & gloom warnings about IBM as a business have been regular fare for, what, 8 years? More? IBM is a BRAND, not a company. Brands do die off, but they can also be revived much more easily than a company.
IBM changing from a huge corporation to a small niche company might not be considered a problem unless you've watched it happen from the inside. This is not a purposeful strategy, it is the result of years and years of rot as the executive management sold us all out for their own profit.
Somehow $79B in revenue doesn't equal "doomed"... LOL!
Growth company? Maybe not.
But still profitable, I would guess.
It may morph, but all that capital and revenue isn't going to just disappear from the universe.
Individuals being RA'ed etc. Unavoidable, I'd guess.
Perhaps get parted out, etc? Possibly... But consider... The Big 3 Auto Makers were "doomed" and they are still here.
The way people speak of these things baffles me.
Article also mentions that Alibaba has passed IBM in cloud. Article is here:
https://247wallst.com/technology-3/2020/11/10/nothing-can-help-ibm-dig-out-of-its-problems/
As most of the major U.S. stock indexes have moved close to or are at all-time records, IBM’s
share movement marks it as one of tech’s largest failures this year. The Nasdaq has risen 31% in
2020, to IBM’s drop of almost 14%. Amazon’s shares have jumped 70%.
IBM has not been able to emerge from the failed leadership of Virginia M. Rometty, its executive
chairperson. Arvind Krishna replaced her as chief executive officer in April. He has to battle
against a series of poor decisions Rometty made after she became CEO in 2012.
Even a rally in tech stocks has not pulled IBM higher. Its results from the most recent quarter
have been too much of a boat anchor. Revenue fell in the third quarter from $18.0 billion to
$17.6 billion. Per-share earnings ticked up from $1.98 to $1.90.
Totally doomed.