IBM “value creation”:
Stock buybacks since 2012: $37.7 Billion...
Debt issued since 2012: $33.6 Billion
Lies, lies...all lies. Those statistics are lies. </s>
I’m waiting for Harvey Keitel to get on the TV and tell me ‘This place is going to get caught in a hell of a shit storm.’
Looks like another “recovery Summer” failed to pan out. So “unexpected”.
IBM thinks old and is old - in the liberal way. The best tech people fled IBM a decade ago for Cisco, NetApp, etc. They are the giants now. IBM is like GM - a hollowed out shell of its former self with no direction and an appetite for gub’mint $$.
If IBM were a car it would be a yugo. Seriously.
When new bells and whistles are hitting the market every other week, the market gets too saturated and wallets get too thin.