Four bullets: 1) Mgmt is working for mgmt, not shareholders... 2) Margins in all segments are falling. 3) Bureaucracy hampers growth. -- 4) Need to worry about competition from upstarts like Google... Per Mark Cuban: "IBM is no longer a tech company. They have no vision. What they've evolved into is a company that does [arbitrage] on acquisitions. It's stock buybacks. Who is IBM anymore?" Mark Cuban... https://seekingalpha.com/article/4205420-sad-decline-international-business-machines
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So many articles in this site pointing out failing over-compensated BOD, but they are still around! Makes no sense.
what needs to happen to get them replaced?
Cuban and Warren Buffett both. IBM BOD should be sued for dereliction of duties. Facts are the facts.
Cuban is exactly right. IBM is just a holding company. Buy a business, s--- it dry, throw it away, repeat. IBM doesn't create innovation, they buy it.
Newsflash for anyone who thinks Cloud is king.
Cloud is a major bust for IBM and so is Blockchain.