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To: Wuli

You know how it is a bad idea to invest in businesses that are not part of your core business, is the fact that IBM is selling it at a loss of 1 billion.

That’s one billion down the drain that could have been spent on improving their current business and not some business they knew nothing about. If the weather business was profitable, they would not have sold it at a loss.

When you have management who doesn’t understand the business, they invest in losing propositions.


94 posted on 08/26/2023 11:02:09 AM PDT by srmanuel
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To: srmanuel

You pretend to know IBM’s “core” business better than IBm does.

IBM continues in the vein and style it began - serving the business needs of businesses, not so much consumers, and bigger businesses more than small ones. IBM hardware continues to evolve and continues to serve businesses in the main way IBM has always done - storage of data and applications and delivery of applications to the office user. The old IBM green screen terminals were no more at the heart of that than the PC is today, so the PC was not at the heart of evolving the IBM “core” business. But data more than ever has become “core” to IBM and that data, whether “weather” or zillions of other stuff is a value to how IBM is evolving its core business.


95 posted on 08/26/2023 11:23:31 AM PDT by Wuli
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