“We believe that IBM is in the middle innings of
pivoting its portfolio to a suite of modernized
application and infrastructure software and a
broader array of services, away from a legacy-
focused portfolio,” Goldman Sachs’ analyst
James Schneider said.
The axe is hanging over all folks in legacy.
https://techcrunch.com/2024/06/29/sap-and-oracle-and-ibm-oh-my-cloud-and-ai-drive-legacy-software-firms-to-record-valuations/
IBM will not every likely recover from all the damage that Palmisano and Rometty did, and all AK seems to be doing is slowing the decline at best.
Talk is cheap !
Please provide the actual results over the past 3 to 5 few years where these legacy companies are actually growing market share and business at the same rate as market leaders Microsoft, Nvidia, Meta, Google etc. It's always the words "could, would and should" in these articles to cover the worthless analyst's backside and to convince you to pour your hard earned money down the black hole of minimal future returns for investing in stocks of these dying legacy companies. In short, this Goldy Sach's analyst is just another windbag.
IBM Consulting will sell you similar pile of garbage but it's all a load of "Indian Bowel Movement".
'Goldman Sachs’ analyst James Schneider said."
a skillless wall street wa-ker
maybe he can fix the national debt since Sachs helped increase it
tomorrow we will get advice from a fairy in tech