They’ll still layoff as many, but they will find a new way to package it. I was thinking the same thing that you posted.
IBM used to be called big blue. Its not so much a big computer manufacturer as it used to be when I worked in data centers with mainframes.
Servers are todays mainframes, and they are having a resurgence with the cloud computing transition.
Only thing is that companies like Cisco are growing their server business because their UCS servers are from the ground up built for internet with hooks into virtual storage, routing, and blade servers. Cisco is growing its server business at 30% per year, just passing Oracles server business and not that far behind Dell.
I am not surprised, Ibm lost its mojo when it sold of its PC business to Lenovo.
Since then its more of a services company and a consulting company than a hardware play.
According to this article in Forbes they have found a new way to package it. And if it's true then it's pretty sickening.