The investigation focuses on IBM statements about the potential of IBM Z's 2026 cycle with the z17 program.
https://www.prnewswire.com/news-releases/ibm-shareholder-investigation-suewallst-notifies-investors-of-potential-securities-claims-involving-international-business-machines-302826688.html
I predicted in a post yesterday, lies are catching up with the slimy Indian.
I have a feeling next week's Earnings Call is going to be super spicy, spicier than the hottest vindaloo. The analysts are going to grill that mid-et, remember, Toni Sacconaghi retiired (he was the analyst famous for knowing more about IBM than our own execs, but he was also known for softball questions). I suspect Arvind is going to find himself on the wrong end of a barrage of 100+ mph hardballs.
Get em boys! Long time coming! kyndyl opened Pandora’s box!