Trap of living on past glories

IBM is living on past glories and borrowed time. Unless someone starts cleaning house from the top-down and gets rid of all the completely useless "charts not parts" managers, develops a lucid strategy to provide products that customers really need instead of just selling the "brand", and makes it a decent place to work again, IBM will become just another has-been like Kodak, Xerox, and GE ... and it's already pretty far down that well-worn path on its way to oblivion. : @1tym+1eo5BIYE

I often wonder how long can IBM sustain growth by feeding off the past?

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“ As for z, that magnificent machine might have taken over the world …”

Can I have some of that crack you’re smoking….?” The mainframe is dead except for a few hundred straggler mega firms who don’t see a quick path to public cloud. Sorry….

When I was with IBM it was one acquisition after another, and presumably still is. I can't remember when IBM last actually developed and released a software product from scratch. In retrospect that seems to have been a telling prognosis for an IT company.

As for z, that magnificent machine might have taken over the world if the company hadn't hung on so avariciously to its MLC charging model for so long.

And then all the woke cr-p, just in case their other follies weren't sufficient to ensure the eventual death of the company.

As long as Powell primes the liquidity pumps, IBM is fine amongst the myriad zombies out there. Don't expect any bankruptcy soon, think about your own plan.

What are you talking about !!!!!!!!! IBM gave the world S360 !!!!!!!!! It was a huge technical jump and innovation !!!!! ...............for 1964.

Managers were always the worst in the respective groups.. They were the people who couldn't hack it technically and should have been fired first.. Engineers hated working for non tech management.. "Those that can do, do.. Those that cant, manage.."

Dumping GTS has given legacy IBM some potential (getting rid of 25% Of IBM for the sacrifice of 800 million is a trade any investor would make) I expect more low performing part of IBM will be jettisoned before stability is reached. Distributed Infrastructure, and TSS come to mind

https://finance.yahoo.com/m/75c2a12d-1f9d-3e85-bb78-1a7fcb809731/is-now-the-time-to-buy-ibm.html?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

It is over for IBM. Mistake after mistake! Ginni was horrible . Now we have the AK nightmare.

Not only past glory...it includes future glory such as Watson health, Q, hybrid cloud, AI etc which are nothing but half baked ideas run by a poorly informed management.

and while we say sayonara and arigatò.. we say goodbye to the the good father of family .. .. goodbye to the 'now, we , try to understand what is the problem.... and goodbye .. now we act so to save this family, or firm, or corporation ' bye, and GL

It's already over. Look at the people in the white house. It's a done deal. Sayonara america!!!

IBM can no longer do buybacks… they can hardly pay the dividend!

Not anymore. The 'never got fired for buying IBM' days are long gone. I'm not sure how long they continue to milk the Fortune 100 clients anymore once they decide to get off the Z platform.

IBM will make a great business study on their downfall and how seeking lower costs without investing in the business will ultimately fail, especially when the stock is propped up with buybacks.

Thread regarding IBM layoffs

Trap of living on past glories

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