Nobody is too big to fail. Don't worry, Ginni will not disappoint you.
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The bigger they are, the harder they fall.
IBM is big LMAO???
It's not the 1950's anyomore.
The year is 2018.
The Internal Revenue Service's Master File systems that receive taxpayer data and dispense refunds run on a 50-year old IBM mainframe. The DOD's Strategic Automated Command and Control System that coordinates U.S. nuclear forces runs on another 1970s-era IBM computer system. Some of Immigration and Customs applications run COBOL on IBM mainframes as does the VA's Time-and-Attendance tracker. https://www.gao.gov/products/GAO-16-696T
Despite IBM's hyping of cloud and AI, it could very well be the humble aging mainframes that make IBM anywhere close to being "too big to fail". The rest.. is disposable.
Press office paying for shills to promote their blockchain game..it really is terrible
https://www.forbes.com/sites/panosmourdoukoutas/2018/06/01/ibm-will-beat-bitcoin/#7691a017696c
I am sure more heads will roll shortly, since IBM came in 6 out of 6 for Cloud providers in Gartner's magic quadrant.
Not any more
"Too big to fail" is a made up concept. It really means "so big that we have to prevent it from failing". That might have been true for financial institutions ten years ago but no one cares if IBM wants to destroy itself. No one will risk their own capital to bail out a badly mismanaged publicly-traded company. No government agency is going to jump in to protect IBM customers. If Ginni and her crew want to get rich by murdering IBM it's going to happen.
IBM is too big to succeed.
Hi Folks. I’m fairly certain Bain has recommended cutting the company into two pies to try and extra value. Bain’s website says as much. The question is how will they slice the company, and how will they value it??? My guess is services (think IBM India) and then everything else (hw, sw, cloud, Ai, HPC, legacy). I could even see Bain taking the everything else private to continue the rightsizing and to harvest the legacy free cash flow. When you start nuking your strategic directives (Eg Watson) my guess is the break up is near
Titanic was unsinkable
I wonder how much of a bonus increase Gini Rommetty will get for this new and improved failure? It appears since she has been at the helm of IBM, ever new disaster she reigns over the IBM Board blesses her with an increase in compensation! Only in America can a US CEO drive a company into the abyss while getting rewarded while there EU and Asian peers get millions less while they actually increase shareholder value!
That’s the unfortunate thing. There are so many incapable people in the leadership team. Direction and focus changes almost every quarter; forcing you to work on things you will not recognised, some are just bully ...
Already failing. Last couple of years buying up healthcare businesses for the big moonshot. There never was a plan. It was expected to be easy. Now having never been able to THINK it through, backing off the plan. What I wonder is if there is enough of the merged businesses left to sell for much. The only thing of huge value is the mainframe which for the most part with the exception of major releases is a shrinking market. Mainframe might be where the wagons get circled.
As pointed out already, it nearly went under in the early 90s. I personally think it's inevitable it'll get completely sold off in chunks within the next several years. We don't have the products or the positive reputation to continue much longer as such a huge company IMHO.
From 1993...
"The figure for the year was the biggest annual loss ever reported by any corporation."
https://www.independent.co.uk/news/business/ibm-reeling-after-record-loss-of-dollars-5bn-1479667.html
I think our revenue for the year when we nearly went under was about 70 billion.
Sounds like it is shrinking month by month so at this rate it will be small enough to disappear or be acquired for the niche lean business it seems to be heading for.
It has been 'cloud' that has been the problem. They have no idea what business model will work so for 4 years have been experimenting. And still no clue on the model.
And it almost failed before. Nothing is too big to fail.