http://www.fool.com/investing/2016/10/03/ibm-stock-history-1-chart-you-have-to-see.aspx
"IBM missed the boat on the ongoing revolutions in mobile and cloud computing, and it's been scrambling to adjust to the changing technology landscape ever since. Revenue has now declined in 17 consecutive quarters. Its failure to foresee the structural changes in enterprise IT also helps explain why IBM stock has underperformed the S&P 500 by roughly 75% since Rometty became CEO."
And for sure 3Q16 will make it 18 straight quarters of revenue decline. Therefore: good job Ginni! You receive yet another fat bonus!