Thread regarding IBM layoffs

AP: "IBM slumped to its worst in six months."

https://fox40.com/news/business/ap-business/ap-stock-market-today-asian-markets-mostly-fall-after-wall-street-logs-3rd-loss-in-a-row/

https://www.thestandard.com.hk/breaking-news/section/2/221927/Wall-Street-finishes-mixed-after-Tesla-soars-and-IBM-slumps

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| 466 views | | 2 replies (last 4 days ago)
Post ID: @OP+1vaqHTMi

2 replies (most recent on top)

I believe you are incorrect about the 163. SW is now 43% of IBM and growing at 10% NOTE it has an 80% margin. That does not imply going back to 163, but rather staying where it’s at, or if the other 2 division make some profit going back up. Let’s face it, Infrastructure is relegated to the business cycle as customers can only eat so much technology so fast no matter how good. Consulting is where growth dropped the ball, and IBM can easily fix that by just prioritizing where and when they want to play (can you say Fortune 500) If they did that, IBM could easily 1/2 consulting and that saved expense would drop to the bottom line without a corresponding reduction in profit. Remember consulting is the least profitable division and yet has the highest head count. THUS it makes sense that IBM will trim consulting while reprioritizing it as it hurts the profit line the least.

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Post ID: @5uvi+1vaqHTMi

IBM was trading around $163 in early June and will be back there shortly. The runup to $237 was AK promising Wall St growth rates that never materialized.

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Post ID: @5kym+1vaqHTMi

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