Thread regarding IBM layoffs

PIP Arvind!

Can't wait to see it drop below $100 a year!

Besides, I think Arvind will look great in orange!

Dropping like a rock again this morning.

Let me break it down for those that can't understand. Arvind has been telling a fairy tale about AI, Quantum, Hybrid Cloud, etc. These are high growth areas for the rest of the market. Market assumed for IBM too. But now that Z17 cycle is winding down, market is figuring out that all of IBM's revenue growth was from mainframes - NOT from AI, Quantum, or any of the other buzzwords. No happy ending for this fairy tale.

@df How can you de-humanise something which is not human in the first place?

@b7

IBM always recovers. We have been hearing about the demise of IBM for over 30 years.
Arvind is bold and confident and an established leader.

All the hate, bile, and venom spewed here to dehumanize him and the executives neds to stop

@D1. You have hit the nail on the head. A couple of deals slipping shouldn’t have impacted the stock price by 30% UNLESS there is some fundamental issues OR IBM had been speculated way up.
I think the speculation issue was quite real as IBM’s current PE at a 211 share price is a mediocre 17. That’s right in the IBM Ginni lead wheelhouse.
What’s old is new again
IBM is not growing, but rather farming an existing, slightly shrinking install base.
There is a lack of innovation that can inspire investors so the slow decline has come back into vogue.
What’s a CEO to do given that the offshore to India play has run its course?
You got it. Restructure the business just like Gerstner did.
So get ready for the big shrink, as that’s the only play left in the book

Does he really expect people to believe that a $700M revenue miss is because a handful of mainframe deals slipped the last two weeks of June?

How long has he known the financial results were not going to be very good for the quarter? Guess only he knows the answer to that question. So can IBM quickly pivot to the direction the market is going? This is going to be very important.

"Today is a difficult moment for IBM, its employees, its shareholders, and its leadership."

But for those who have been RAed or PIPed by this obnoxious and useless behemoth, it is a day of celebration and joy! Let the festivities begin! The beast is in freefall, about to hit the ground at 200 mph. Will it make the Earth shake and tremble when it hits? BAH! Commensurate with its use impact in modern tech, it will hit the ground with a mere thud.

Goodbye IBM! Goodbye amazing PowerPoints! Goodbye crooked executives! May you rot in he-l or in prison, as the master(s) of the universe and the authorities deem fitting.

Mwahahahaha!!!

@OP wow, this post is straight from the bowels of the BEAST. It's so full of BS I need to hold my nose when I read it. You are one shameless POS.

@a7

What you haven't shown is evidence that he "destroyed the company," "financially engineered a fake stock price," or intentionally acted against employees. Those are serious accusations, not established facts.

IBM has faced difficult markets, changing technology, and intense competition. Every CEO is judged by results, and shareholders are free to decide whether they support the board's leadership. But replacing evidence with insults and conspiracy theories doesn't strengthen your argument.

@a7 I was going to wait until December to cash it….i want that interest

What a brown-nosing putz! Arvind deserves to be canned for these shenanigans. First, he destroyed the company and laid off the vast majority of Ibm's talent just so he could financially engineer a fake stock price - and now that effort is collapsing under him.

Cashing out my RBA - just in case Arvind declares paying it is some kind of hardship. He has consistently showed himself to be completely trustworthy - of always doing the wrong thing by employees. Better safe than sorry!

AK puts Ginni to shame, he erased $70B of Market value in one day

the financial engineering games finally blew up in AK's face, down to $213 and still sinking

Can we do one for Albany?