Thread regarding IBM layoffs

Hello, Quantum. Fare thee well, AI, we hardly knew ye. And before that, Cloud.

Quantum is just the latest buzzword to throw off the stench of failure from the hounds. It’ll buy Alvind a year in which to fire more people, place quarterly paid PR hype at CNBC and Forbes, and milk himself another fat raise. Rinse, repeat.

It’s not even clever financial engineering at this point; they’ve downgraded the grift to a call center scam with Jim Cramer shilling for Alvind's Silver Solution, I mean "Quantum". And it’s working. Because he kissed the ring of Dear Orange Leader. These guys all belong at The Hague.

Any guesses what will replace Quantum next year when that, too, inevitably fails to materialize? My money’s on IBM Teleportation.

@b2

I hope so... I want to see my stock go up too... Need to buy my new Audi RS5.

I remember years ago when Ginni and AK said that stock price is not an important means of measuring business performance, BUT NOW all of a sudden it is. Everyone knows they are just trying to run up the stock price with this Quantum hype and enrich themselves before they leave. Just like the 1890's side show, "Hurry, hurry, hurry !!!!, step right up, step right up, take a look behind the curtain at the mysterious, magical, wonderous never before seen Quantum Computer being operated by the bearded Lady blah blah blah" ....

What is not absurd these days on Wall Street?

PE of 48 for a company that's growing Revenue at 1-2% per year is absurd.