https://www.marketwatch.com/story/ibm-posts-biggest-annual-sales-increase-in-more-than-a-decade-announces-layoffs-11674682960?mod=home-page
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I believe this article tells the story of new IBM. It’s all about each division feeding the next
https://www.fool.com/investing/2023/01/29/bullish-detail-buried-ibm-q4-earnings-results/
IBM is a dinosaur living off the revenue of hardware sales from customers who can't seem to get away from the green screen. No real innovation has come from that company in decades. 6% increase in sales from rock bottom is still rock bottom.