In the mid 90's IBM and Sears sold their interests to this group for $200 million. It was estimated that IBM and Sears had invested more than $1 billion in the service since its founding. It's a shame someone at Prodigy did not have the foresight... — read more
Former AmEx Boss Chenault Leaving IBM, P&G Boards
It starts with a trickle. . . https://www.wsj.com/articles/former-amex-boss-chenault-leaving-ibm-p-g-boards-11545953913 Kenneth Chenault, the former chairman and chief executive of American Express Co. AXP 0.90% , is stepping down next year from his... — read more
Lawyer Blog - IBM Age Discrimination.
https://blogs.lawyers.com/attorney/discrimination/ibm-age-discrimination-52401/ "However, a spokesman for IBM claims that the layoffs over the years have nothing to do with age, but rather an attempt to acquire an updated skill set, which is not... — read more
My holiday wish for Ginni, the exec management team, and the board
https://www.youtube.com/watch?v=-H9l4tovIWk
Shareholder files suit over IBM-Red Hat deal
And it begins! https://www.bizjournals.com/triangle/news/2018/12/18/shareholder-files-suit-over-ibm-red-hat-deal.html Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been... — read more
Ginni gone in 2019?
We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management. The reality has been so different. Twenty two consecutive quarters of declining top-line revenue. $106 billion... — read more
It’s all about the cash flow
It’s all about the cash flow!!! Wall Street has voted thumbs down on Ginni’s public plan so far. That doesn't Mean they don't Think it will succeed, BUT they think Ginni and the current management team will not pull it off. Wall Street is putting... — read more
IBM’s Debt and Deal Make the Stock a Big Loser Again
Merry Christmas! https://www.barrons.com/articles/ibms-debt-and-deal-make-stock-a-big-loser-again-51545652800 Big Blue’s shareholders are getting used to seeing red. International Business Machine (IBM) stock has posted the third biggest decline in... — read more
IBM’s AI- an empty package wrapped in fancy paper
I swear that not one month goes by that I don’t run into an article on the new implementation of IBM’s AI. This time it covers the announced implementation in marketing. I generally don't have anything against the implementation of AI in various... — read more
This is what IBM wants
An employee with the wisdom of a 50 year old, the experience of a 40 year old, the drive of a 30 year old, and the pay scale of a 20 year old. It's painful accurate this is. Companies like IBM would really like to have all of that in one person but... — read more
Age discrimination
The following practices constitute age discrimination 1) Requiring workers to retire once they reach a certain age 2) Treating older workers worse than younger workers, by, for example, targeting them for layoff or discipline 3) Giving younger... — read more
IBM Christmas Carol Competition
Something to sing around our log fires this Christmas as we look forward to the BIG layoffs in 2019! Away in a condo on a six foot wide bed A deluded old Ginni lay down her sweet head The stock price was falling, many clients were fu**ked, But she... — read more
IBM Stock Price: $110.90 on 12/22/2018
We should be seeing the C-Suite folks buying a lot more shares soon. . . https://www.marketwatch.com/investing/stock/ibm
HCL bought a declining business...
$1.5 is a lot of money!!! https://www.realstorygroup.com/Blog/3304-IBMs-Selloff-to-HCL-4-Takeaways
Exclusive: China hacked HPE, IBM and then attacked clients - sources
Someone's definitely getting RA'd over this. . . https://www.reuters.com/article/us-china-cyber-hpe-ibm-exclusive/exclusive-china-hacked-hpe-ibm-and-then-attacked-clients-sources-idUSKCN1OJ2OY
IBM taps Samsung for 7nm processes
So we're getting deeper into bed with Samsung. . . https://seekingalpha.com/news/3418535-ibm-taps-samsung-7nm-processes
IBM and “legacy” services are over
I believe it is over as far as IBM and “legacy” services. IBM learned a very valuable lesson when they sold off System X. OVER SUBSCRIBE to the heads you are shifting. IBM will stuff that transaction as full as they can, and negotiate with Bain (or... — read more
IBM is blaming its customer hahah!
Way to go, IBM! https://www.theregister.co.uk/2018/12/19/ibm_v_co_op_insurance_130m_it_revamp_lawsuit/ IBM has blamed ex-customer Co-Op Insurance for the crash of a £55m project centring on Agile software development, but admitted the systems it... — read more
RedHat falls short of its sales expectations before the acquisition is complete
RedHat sales fell short of expectations wich can be seen in its latest earnings report. Even though there is no room to panic, as the sales are far from generally bad numbers, I see that some analysts and even IBM’ers are worried about this decline... — read more
This makes me laugh
The rumors about Services being sold are as old as the PWC acquisition itself. At the time we all thought it was a “flip” but 20 years on we still have them. Since the downward spiral began, we hear the rumors of a sale every year. Because of the... — read more
Holidays IBM Style
Modified from "Deck the Halls" Clear the halls with wads of RAs, Fa la la la la, la la la la. Tis the season to boost our net worth, Fa la la la la, la la la la. Don we now our market fa’-cade, Fa la la, la la la, la la la. Troll the public to spin... — read more
Financing the acquisition of RedHat
The real question is how IBM is going to finance the $34 Billion acquisition of Red Hat? IBM is getting $1.8 Billion from the software just sold to HCL. IBM has around $13 Billion of cash on hand, but they will probably use/spend only a fraction of... — read more
All working on the Jazz toolchain should get fired!
It is the worst an most unuseable tool chain I have seen in 20 years. Please stop this nonsense! Maybe IBM should not have outsourced development to the cheapest ODCs on the planet!
Ominous Friday “all hands”
Have heard several groups that have “all hands” scheduled for tomorrow, including the group I work in. Services. Anyone heard about this? Is it a reorganization or are we getting the ax?
Just started with IBM
I hope things will go good for a year
IBM Digital Business Group
Any upcoming layoffs in the Digital Business group?
GAO axes IBM’s bid protest, teeing up a court battle over Pentagon’s $10 billion cloud effort
And this predictably was squashed. Money, time, and resources well spent! https://www.washingtonpost.com/business/2018/12/12/gao-axes-ibms-bid-protest-teeing-up-court-battle-over-pentagons-billion-cloud-effort/
IBM exec: Why buying Red Hat is better than partnership
The spin machine is fully deployed. . . https://www.bizjournals.com/triangle/news/2018/12/11/ibm-exec-why-buying-red-hat-is-better-than.html
IBM is trying to throttle my age-discrimination lawsuit – axed ace cloud salesman
Totally expected tactics from Big Bleu. https://www.theregister.co.uk/2018/12/11/ibm_blocking_discovery_age_discrim_evidence_says_sacked_salesman/
Any layoffs in Research?
I'm considering leaving IBM, but I'll stick it out if there is a chance I can leave with severance. Has there been any indication of more layoffs in Research?
Dilbert hits IBM on the head
http://www.wanderings.net/notebook/Main/DilbertAndIBM
Another Bad Bet in 2018
https://www.forbes.com/sites/bernardmarr/2018/12/10/is-this-the-end-of-blockchain/ Can Ginni and our fearless leaders make any good bets these days? First it was hybrid cloud, then Watson, then pure cloud, then blockchain, then hybrid cloud again.
#BRTxInnovation: The Future of Work in an Era of Automation and AI
Speakers: Ginni, Ivanka Trump, and Doug McMillon [39 minute video] https://youtu.be/_bvcTLqgnr8 More panels videos here -- https://www.businessroundtable.org/innovationsummit
Sell, sell, sell
I suspect the sell off of HW will encompass HW and OS’s. IBM will mine everything else SW wise since that feeds the “cloud” services model. Everything that can move to “as a service” will do so, and IBM will keep it. If you look at Power vs Z, you... — read more
Sold to HCL: Lotus Notes / Domino
Just sell everything G - keep the money flow, pump up the bonus pool... What a great way to destroy everything.... Sell, sell, sell.... https://techcrunch.com/2018/12/07/ibm-selling-lotus-notes-domino-business-to-hcl-for-1-8b/
Mismanagement of acquired software companies
Here’s another classic example how IBM historically mismanages software from the Companies they’ve acquired. HCL just purchased eight (8) IBM software solutions for $1.8 Billion. This price tag is slightly more than HALF of what IBM ORIGINALLY PAID …... — read more
CNBC Excerpts: CNBC's Becky Quick Live Interviews from the Business Roundtable CEO Innovation Summit Today
Ginni Rometty on IBM: And you look at is it always about growth as we've looked at our business. We both transitioned mission critical work past to future and to the cloud. And so really our role is about being a high value company but doing things... — read more
IBM’s Ginni Rometty honored at Ad Council Dinner
Apparently too busy receiving these sorts of honors to be bothered with running an I/T company. . . https://www.thedrum.com/news/2018/12/06/ibm-s-ginni-rometty-honored-ad-council-dinner
In biggest Indian IT deal, HCL Tech to buy $1.8 billion of IBM software
And the divestitures have begun! I'm sure HCL isn't taking all the headcount though, just the products themselves... — read more