@2:36 - 2:44 --
So IBM needs to do more to shed some of its assets that hasn't [sic] been producing profit for them. It
has been weighing down their business, it's something of the past, and they need to continue to turn
around and look at the future.
Don't worry, they'll be doing a lot more "asset shedding" in the near future, no worries. . .
https://finance.yahoo.com/video/ibm-beats-q4-earnings-expectations-221041680.html
All those GTS centers are considered high cost. Especially now that tax incentives have dried up.
Co-location is nothing but a money pit and its time to seriously free up some cash. Dump them all.
So now we have had 3 inputs.
Analysts have said IBM needs to shed Low margin high cost parts of the business
CFO has said to the analysts we need to review low margin high cost parts of the portfolio
CEO has publically stated low margin, high cost parts of IBM must be reviewed
4th quarter earnings show GTS to be a low margin high cost part of the business
I wonder what will happen