IBM Layoffs

IBM: The Incredible Shrinking IT Vendor

A long read, but by far, the hardest-hitting piece yet on IBM's 2Q17 and in general: author really let's them have it! https://seekingalpha.com/article/4091141-ibm-incredible-shrinking-vendor

It's easy to get revenue in an enterprise space!

Lost of Tech Edge

The technical culture has degraded since the loss of Nick Donofrio (if you are recently joined see this https://en.wikipedia.org/wiki/Nick_Donofrio) --- Now, couple that loss with a non-technical CEO and a majority of non-technical executives and you... read more

Co-location has nothing to do with quality or work environment.

It is 100% directed towards laying people off without paying severance. IBM has relocated countless teams and then insisted employees move to be in the same office. When someone refuses, IBM treats them as having quit. The amusing part: IBM is... read more

U.K. Industrial tribunal fees dropped for unfair dismissal claims. http://www.bbc.co.uk/news/uk-40727400

http://www.bbc.co.uk/news/uk-40727400

Sweden Tries to Stem Fallout of Security Breach in IBM Contract

Another spectacularly bungled job by Big Bleu with the requisite bad press and which should lead to another lawsuit. https://www.bloomberg.com/news/articles/2017-07-24/swedish-government-tries-to-stem-damage-done-by-security-breach

IBM: Even a Blind Squirrel Finds the Occasional Nut

https://www.linkedin.com/pulse/ibm-even-blind-squirrel-finds-occasional-nut-peter-e-greulich IBM Revenues Have Dropped from $107 Billion to $80 Billion in Five Years. By One Measurement, IBM’s 2016 Revenues Should Have Been $147 Billion … … or IBM... read more

The Boss Wants You Back in the Office

The abstract sums it up -- having all the worker bees in the office and in visible sight range makes it easier to micro-manage and scrutinize their every move. And with Big Bleu's case, this statement here needs some major revision: "This spring IBM... read more

"Many folks who were gearboxed are being walked out the door this week. " I cant find any updates if this happened ?

Many folks who were gearboxed are being walked out the door this week. See the Watching IBM Facebook site for details. Sorry but the fact that we are all in the dark on what our last day will be is awful .. just put me out of my misery and let me... read more

Why IBM Shareholders Have Something to Worry About

Even the Motley Fool, which has typically been quite generous on IBM has come to its senses. https://www.fool.com/investing/2017/07/24/why-ibm-shareholders-have-something-to-worry-about.aspx

American IBM may develop and implement Taza koom program

Apparently the Kyrgyz haven't been paying attention to the recent massive IBM-helmed project failure in Australia, not to mention the countless others, like TX State Dept., etc. Poor Kyrgyz are likely being sold a bill of goods & empty promises at an... read more

IBM, HPE Make List of Activist Investor Targets

The Blue water is turning purple from all the blood and the activist investors can smell it a mile away. http://www.investopedia.com/news/ibm-hpe-make-list-activist-investor-targets/ . . . Wither Watson? Take IBM, which last week reported... read more

Management is a protected class

Management is a protected class. A few managers get taken out in the RAs but on the whole, they are safe. It's ridiculous, since management directs the work and should be held responsible if the business doesn't do well; so they should be the first... read more

IBM: Don't Get Caught In A Value Trap

"Whatever IBM is doing, it is simply not working. Their transition to the cloud is facing stiff competition from competitors. I am very concerned that management is now claiming they aren't interested in revenue growth anymore, despite their stock... read more

Investors Look to IBM Director Michael Eskew for Decision About Company’s Future

"In his role as the IBM board’s independent leader, Michael Eskew has to lead the move to get Rometty out." C'mon, make the decision. Pull the trigger. It can't come soon enough!... read more

I am hearing that those that were gearboxed are now starting to be RA’d .. does this include all that received the below email ? Thank you

Subject : Roles - Action Required: Identifying Opportunities As we discussed today, IBM has a number of open positions in our Watson Health, Cloud Platform, and Security units, and in Global Business Services, that may match your skills, experience... read more

Selling Short or Put Option

What's your position right now? Short or put options? Either way, IBM will be making you some serious money. Gearboxed, still no RA - there is more than one way to profit from IBM's demise even though I am certain I'll be RA'd within next three to... read more

With 5 years of declining revenue, IBM is all in on profits: 'It's easy to get revenue,' CFO says

Ummmmm. . .does he hear himself when he talks? If getting revenue was so easy, then why has IBM's declined for 21 straight quarters? http://www.cnbc.com/2017/07/18/ibm-earnings-cfo-martin-schroeter.html

Leading analyst says IBM stock could fall 18% and Watson won't save the day

IBM's stock is poised to fall 18 percent and the company's AI supercomputer, Watson, won't move the needle, Jefferies' James Kisner told CNBC on Wednesday. . . . "The whole cognitive software market for artificial intelligence was $1.5 billion last... read more

PMA (Portfolio Management Action)

Take this with a grain of salt, however... It looks like a new large IBM RA program is underway, folks are already departing. The early indications (also see Watching IBM) are that most of the folks affected are in the Gearbox program - but there are... read more

Immediate terminations already started?

There is a watching IBM post on facebook that says it's already on. Immediate termination this time (pretty much, last day of work is this month!) with two months severance pay and six months of health insurance at the same rate you're paying now... read more

Ok Guys any word on the next round of RA's ??

IBM continues to promise a rosy future while reporting a stagnant present

We promise, it'll get better soon, just be patient & keep waiting. http://www.marketwatch.com/story/ibm-continues-to-promise-a-rosy-future-while-reporting-a-stagnant-present-2017-07-18

Morale at IBM

Got an email about Engage@ibm.com.. 'A brand new way to make IBM an even better place to work.' They want suggestions on how to improve the continued poor morale. Really? I've got plenty of suggestions but with all that has gone on over the past many... read more

This is a bad joke

So, after five years of sliding sales, leadership still sings the same old "we are optimistic" song? I am sure it's easy to be optimistic about the future when they know their jobs are not in jeopardy... read more

Management needs to go

Any management team that ruins a once bellwether tech company should be eliminated by shareholders at the earliest opportunity. They should be given time to pack their belongings and exit, and should be denied their pension. IBM's many layers of... read more

Memo To IBM's Board: THINK About Replacing Virginia Rometty

https://www.forbes.com/sites/ryanwibberley/2017/07/19/to-save-ibm-rometty-needs-to-go-big-or-go-home/2/#1e3572f1be89 Fool me once, shame on you; fool me 21 times, shame on IBM's board. (I have no financial interest in IBM securities). This comes to... read more

To Save IBM, Rometty Needs To Go Big Or Go Home

https://www.forbes.com/sites/ryanwibberley/2017/07/19/to-save-ibm-rometty-needs-to-go-big-or-go-home/#2315c31a7ac0 What is the real difference between Facebook, Amazon, Apple, Netflix, and Google—the companies making up the FAANG acronym—and IBM?... read more

The Trials And Tribulations Of IBM Systems

An article going a little deeper specifically on IBM's Systems unit, espousing a less than rosy view. "The real IBM systems business – including not just servers, operating systems, and storage, but also the middleware, database, and development... read more

IBM Reports 21st Consecutive Quarter Of Declining Sales, Record Low Effective Tax Rate

"At this rate IBM will soon need a negative non-GAAP tax rate to make its negative non-GAAP earnings turn positive." That's great!... read more

This quarter numbers are in, T2R is over

I am getting ready for tremors again

IBM Earnings: Another Reason to Fire CEO Ginni Rometty and Blame the Board

"IBM (NYSE: IBM) posted its 21st consecutive quarter of falling revenue, a breathtakingly poor performance. IBM’s board should do now what it should have done long ago: replace CEO Ginni Rometty. Her turnaround promises proved empty again. Much of... read more

IBM Misses Revenue Estimates as Cloud Services Unit Falters

https://www.bloomberg.com/news/articles/2017-07-18/ibm-misses-revenue-estimates-as-cloud-and-services-unit-falters IBM missed estimates for quarterly revenue, with sales in a key unit declining for the second consecutive period, further extending... read more

Watson Health Imaging Reorganization

Rumor is that WHI is facing some dramatic cuts in headcount.

Thoughts on Watson Health

At some point the market will figure out that the Watson stuff is just hype. Watson health claims that they...and they alone....have relatively unfettered access to the unstructured data in the medical record because Watson can "read and understand"... read more

As things evolve at IBM...

If you've been married long enough, you know that your marriage consists of several mini-marriages connected together. IBM over 30 years is similar -- a series of different culture and experience connected only by time... At the beginning in the 80s... read more

IBM RA Prognosis (week of 7/24 and week of 7/31)

What are your thoughts? Are we about to witness any big hits over next two weeks?

IBM’s Transformation Has Become ‘Tedious,’ Says Barclays

IBM's numbers are going lower at Barclays in advance of its Q2 report Tuesday afternoon. Analyst Mark Moskowitz thinks the company needs to cut its year outlook, and he concludes the company's "transformation" has become "tedious."... read more

IBM Was the Worst Hit by the Decline in the Server Market

POWER will be gone or carved-up very soon. . . http://marketrealist.com/2017/07/ibm-was-the-worst-hit-by-the-decline-in-the-server-market/ By: Anne Shields | Jul 13, 2017 6:48 pm EDT IBM reported the largest decline in its server revenue Earlier in... read more

How the Server Market Could Impact IBM’s Growth in Fiscal 2Q17

POWER or some portion thereof, is going to be divested soon, no question. http://marketrealist.com/2017/07/how-the-server-market-could-impact-ibms-growth-in-fiscal-2q17/ By: Anne Shields | Jul 13, 2017 6:48 pm EDT Server market continues to decline... read more

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