Sure seems that way. Keeps Wall Street happy and the stock afloat in the short term. Totally unsustainable in the medium term and will have to be abandoned. Destroys the company in the long term. At some point there must be top line revenue... — read more 

“I’ve had very few things where there’s been such complaining,” Mr. Trump said. “Complaining from different companies, like Microsoft and Oracle and IBM. We’re going to take a look at it, we’ll take a very strong look at it.” So Ginni and... — read more 

Free cash flows increased by 28%, landing at $2.4 billion. Capital expenses came in at $431 million, less than half of the year-ago period's $1 billion. A $270 million real estate sale played a large part in that year- over-year comparison... — read more 

The future of IBM is hybrid cloud, said Ian Campbell, chief executive officer of Nucleus Research. “But the biggest challenge is they are very late to the cloud party,” he said. Amazon Web Services and Microsoft Azure have dominated the... — read more 

Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share ... ... IBM’s revenue fell 4% from a year earlier even as earnings grew 3%. This is "Good News" only when share price matters more than anything else. Expect more RA's to... — read more 

And in the quarter IBM took a charge because of “an unfavorable legal ruling” in a case against the state of Indiana that had been outstanding for around 10 years, James Kavanaugh, the company’s senior vice president and chief financial... — read more 

Gross profit margins expanded to 47.4%, IBM said, a result of the company’s focus on exiting less- attractive businesses. Mr. Kavanaugh said IBM made $575 million from long-planned asset sales in the quarter, within the range of $500 million... — read more 

Shares of IBM rose as much as 4% on Wednesday after the company reported better-than-expected second-quarter earnings. Here are the key numbers: Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share as expected by analysts... — read more 

“This is a vindication of the value of the hybrid cloud, and the value of Red Hat,” Ms Rometty said. IBM would handle much of AT&T’s computing workload in its own cloud data centres while also managing AT&T’s work with other cloud... — read more 

https://www.reuters.com/article/us-microsoft-at-t-cloud/microsoft-att-ink-cloud-deal-worth-more-than-2-billion-idUSKCN1UC1KK So, ummm, what's going on here? AT&T unloads 15,000 IT people onto IBM, presumably to leverage AT&T IT into the IBM... — read more 

I'm a soon to be IBM employee - not by choice. I've been going through posts here and my dread keeps growing exponentially with every new thread I open. Things seem worse here than at AT&T, which I didn't think possible. Is it really like that?... — read more 

It's that time again, folks! Submit your answers in now! As always, I'll start: miss [Translation: any meets or beats will due to financial engineering or some surprise one-time deal, like an IP licensing agreement, or a tax lawsuit victory... — read more 

The toxic IBM environment exists for several reasons: 1 .Senior management cares mostly about their bonuses and share price (thanks to stock option grants). We don't always believe it and act surprised whenever it's mentioned. Senior... — read more 

Folks on AT&T board here are discussing an outsourcing deal with IBM that just got signed. There is a lot of anxiety and questions there. Maybe someone experienced in this may want to visit their forum and help them answer a question or two -... — read more 

https://hbr.org/2018/05/why-its-so-hard-to-speak-up-against-a-toxic-culture?fbclid=IwAR218YPLDDoFi0HV4u6imT96lwnXP8t-UEWh4nZqHFogiVgkxawbQNZEHI

SVP of Systems and a bunch of Systems GMs meeting for a town hall in Tucson on 7/22. Nothing confirmed as of yet as far as RAs - but awfully quick meeting after the Red Hat deal officially closed. To be continued... More to come later

As I anxiously await the master plan to emerge post acquisition. I ponder if Red Hat disappears tomorrow, what will happen to the cloud ... Nothing. If IBM disappears tomorrow, what will happen to the cloud ... Nothing. Now then, how does the... — read more 

Anyone else heard about lack of approval for hiring even in areas key for growth? To me, it is a sign that they are preparing more layoffs, maybe to help make the 2Q earnings results (due July 17 I think), look a little less ugly.

KA-CHING!! https://www.bizjournals.com/triangle/news/2019/07/10/real-millionnaires-of-red-hat-who-made-what-after.html This time it is not just paper value of their stock holdings — this time, it is for real. Slews of Form 4s – the regulatory... — read more 

That is one seriously delusional economist. https://www.wraltechwire.com/2019/07/09/economist-ibm-red-hat-might-not-mean-big-number-of-layoffs/

‘We’re not talking about layoffs’ So there's going to be layoffs. https://www.wraltechwire.com/2019/07/09/red-hat-ibm-execs-promise-were-not-talking-about-layoffs/

Just an FYI, here is what EEOC lists for Age Discrimination The following practices constitute age discrimination Requiring workers to retire once they reach a certain age Treating older workers worse than younger workers, by, for... — read more 

IBM Watson Health Marketing teams were notified of co-location last week... This will be impacting anyone who does not live in Boston, Chicago and Raleigh. The terms are exactly the same like the previous notifications - folks have 30 days to declare... — read more 

“We grow by expanding Red Hat that way,” Rometty explained to CNBC’s Jim Cramer in a “Mad Money” interview, alongside Red Hat CEO Jim Whitehurst. Does anyone else prefer for Ginni to tell us how much the existing IBM resources are going to shrink due... — read more 

And another thing the inundation of "New Collar" resources facilitates is the further dilution of the already below market average salary base. Another triumph for Ginni and her gaggle of bean counters!... — read more 

Red Hat will exist as a separate business unit within IBM and will be neutral when it comes to which companies’ cloud-computing services it steers clients, the companies said, addressing concerns that a full-on integration could damage Red Hat’s... — read more 

Does IBM management understand that its future depend on how it performs in the cloud computing and how it manages its workforce/talent? I see an issue where IBM will need to offer large discounts to customers in a bid to retain market share. To be... — read more 

https://finance.yahoo.com/news/ibm-closes-34-billion-deal-123544178.html Some real chucklers in there: "Underscoring the drive into high-margin businesses, IBM in October agreed to buy Red Hat" 12% is high margin? "Since 2013, IBM’s cloud revenue as... — read more 

Working at IBM has turned into more of a chore than I ever expected. I used to love my job. Now, there is so much uncertainty, frustration, stress, politics.... I'm not sure which is worse and which is affecting my health more. Sometimes it feels... — read more 

Since Watson Health never had enough velocity to escape the atmosphere, let alone get anywhere close to the moon, perhaps this is the real moonshot: https://mspoweruser.com/ibm-files-patent-for-a-smartwatch-that-can-unfold-into-a-tablet/

"The product team had no layoffs, there was nothing out of development. It was very limited on the blockchain side," one source who has direct contact with the Blockchain division said. SOURCE:... — read more 

I certainly couldn’t. With this question I’m mostly addressing the long-timers that remember the “good old days”.

https://start.att.net/comics/title/Dilbert/date/20190707/

The number of foreign-born IT workers in the U.S. is simply astonishing. Is it fair to allow companies a fairly free hand in bringing in resources, when many native-born Americans end up losing their jobs and opportunities to them? I keep hearing the... — read more 

Talk emerging today of possible layoffs in UK among software support teams that are beyond those that were confirmed for TSS in late June. Anyone able to corroborate?

I got tired of waiting for IBM to lay me off due to my age, so I decided to leave on my own. I am 55 and I managed to find a new job relatively quickly. Pay is slightly lower, but benefits are better and from what I can see, work environment is ten... — read more 

https://www.wafb.com/2019/07/02/deadline-ibm-fill-jobs-has-now-passed/

Transfer complete! How long before IBM migrates completely away from Lotus? https://www.zdnet.com/article/hcl-now-fully-controls-ibm-software-including-notes-and-domino/

Anyone?

https://seekingalpha.com/article/4273070-ibm-big-blue-big-short