Interesting story (note the Redhat angle)

Here is the last paragraph. Looks like corporate America is buying into the preserve the legacy strategy

IBM bought the right thing,” she said, referring to the Red Hat purchase.

The unit’s area of expertise, hybrid cloud, is critical, as many companies still need to integrate legacy systems and physical infrastructure for cloud functionality. And that could be an important opportunity for IBM to swing back to revenue growth.

https://finance.yahoo.com/m/ebb7f143-c76c-3155-a8b4-caa2ccd89bf3/think-it’s-too-late-to-buy.html?siteid=yhoof2&yptr=yahoo

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She is clueless. If you are one of her customers, you are going to lose big.

G Squared Wealth’s Greene, a former broker and portfolio manager at Merrill Lynch, is a believer
in CEO Krishna’s plan to pivot the company toward the cloud industry. She sees “huge” potential
for growth in IBM’s artificial intelligence/Watson business.

“IBM’s AI is leaps and bounds ahead of competitors, since they have invested heavily in it for 10
years,” she said. Investments include the Weather Channel, which IBM acquired in 2016, “for its
data and machine-learning tools.”

So Watson Health being decimated in the last RA equates to "huge" potential for growth? What is this portfolio manager smoking and can she please share?

The Red Hat acquisition is really the only thing viable that IBM has going for themselves in the Cloud space.

Yep you are right it’s only 1/2 a billion under management, but it is in one of the top 10 richest neighborhoods in the country

Corporate America? The woman who is quoted there is a portfolio manager at a tiny investment management firm in the middle of nowhere who is parroting something she likely read in a press release.

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Interesting story (note the Redhat angle)

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