Ut-Oh. This just in, folks. IBM has canceled the World of Watson conference that was slated for this October. Not exactly a good thing. They say they'll fold all of their conferences together in March 2018, since nobody really goes to them anymore... — read more
IBM Australia 457 visas
They keep hiring Indians with 457 visas here in Australia, they underpay them. Meanwhile, Australian citizens are being RA'ed...
I'm with IBM on a Schwinn and everyone else is driving a Tesla
Mark Witte is the only one who challenged Ginny during the shareholders meeting... The only sign of discontent from shareholders came during the question-and-answer period. Tampa shareholder Mark Witte asked what IBM was doing to monetize... — read more
IBM hosts subdued shareholders meeting in Tampa
"CEO Ginni Rometty led the meeting, delivering an update on IBM's plans and financial performance. She reaffirmed the company's push toward software instead of hardware as its way forward." Methinks some H/W divestitures will be occurring very soon... — read more
20Q
IBM has just seen 20 quarters of falling revenue. The market has been somewhat understanding as the company goes through the transition. Many lost patience on April 18th when the Q1 earnings failed to stop the decline, and the next day the stock... — read more
How IBM wants to use Watson to better help businesses predict customer behavior
Shouldn't IBM be using their own technology first ? With revenue going down unable to renew contracts http://www.techrepublic.com/article/how-ibm-wants-to-use-watson-to-better-help-businesses-predict-customer-behavior/ IBM's cognitive processor... — read more
IBM Moves to Young, Fresh, Aggressive Thinking - It's A Disaster
Fire all the older workers and hire a bunch of young'uns. It saves a lot of money right? No, because it costs a lot more in lost skills, knowledge, culture, and work ethic. Leadership is thrashing and grasping at straws. Now they're populating Armonk... — read more
Blockchain - Hyperledger Fabric
Hi, I'm an outsider looking to get in, and have been following IBM's contributions to the open source Hyperledger Fabric project. Anyone have any insight/opinions on it, and/or the teams working on it? It looks like there's a lot of cool activity in... — read more
2017 H1B Visa Reports: Top 100 H1B Visa Sponsors
http://www.myvisajobs.com/Reports/2017-H1B-Visa-Sponsor.aspx 4 - IBM
IBM shareholders reject options expensing
Damn, so close. . . "Armonk, N.Y.-based IBM, which sells computer services, hardware and software, said 47 percent of votes cast were in favor of the options-expensing proposal, narrowly defeating the plan."... — read more
Pension funds line up against IBM executive compensation, support proxy access
"The $202.1 billion California State Teachers' Retirement System, West Sacramento; C$175.6 billion ($131.7 billion) Ontario Teachers’ Pension Plan, Toronto; Canada Pension Plan Investment Board, Toronto; $133.2 billion Texas Teacher Retirement... — read more
IBM CEO Ginni Rometty's $33 Million Pay Is Up for Debate
As long as this gets voted down today, then Ginni's days are definitely numbered. She's already the sixth highest paid CEO!??! Tragic. http://finance.yahoo.com/video/ibm-ceo-ginni-romettys-33-222627076.html
I made the right choice.
Check this out: As I progressed through life and my 30 years at IBM, my job interests changed. IBM has so many career opportunities and remains so current, that I was able to move from engineering to project management to consulting to sales and to... — read more
Get over it.
IBM was once a great company of which to be apart. When I grew up and was in 1st grade we all stood up and spoke about where our father's worked. Ninety-five percent of my class said their father's worked for IBM... I said mine was a real estate... — read more
The Term Cognitive
IBM Watson and Watson Health are at least 75% behind on revenue. There will definitely be more layoffs. This company is going downhill than anyone realizes. I am part of the GBS services group and most people are trying to be as utilized as they can... — read more
Finally got RA'ed
Finally got RA'ed, still the usual bull "co-location" and I was declared redundant because of "Cloud and Cognitive" funny thing though both blew up on AU census and now MD Anderson. I already saw it coming when all of my predecessors, peers and... — read more
The Cloud is a disaster because IBM just does not know how to do it
The only software that is making money at IBM is the old on-premise stuff like WAS, MQ, IIB, CICS and the likes... The Cloud is a disaster because IBM just does not know how to do it. The Cloud leaders, Microsoft, AWS, Google and the likes spend 10... — read more
Can we RA Ginny yet?
I mean, it's 20 Qs of drops, right?
IBM Salary Bands Details
I'd really like to know where in my salary band I fall, but the higher up you move, the more "taboo" it seems to talk salary. HR publishes the various job roles which along with your band level dictates your salary range. They also publish the rough... — read more
IBM Says CEO Pay Is $33 Million. Others Say It Is Far Higher
"Red Flag The company, which awarded Rometty 1.5 million stock options on a one-time basis in January 2016, valued the grant at $12.1 million. That came on top of her normal compensation, consisting of about $21 million in salary, bonus and shares... — read more
One Third of IBM
ONE THIRD! Just shy of one-third of IBM's global workforce is now based in India and Bangladesh, a leaked internal blog has indicated. (Source: El Reg - https://www.theregister.co.uk/2017/03/31/one_third_ibm_staff_in_india_bangladesh/ ) World+dog was... — read more
Watson Based Robot to Assemble Phones
Have fun reading this - it'll cure cancer as well: http://www.techrepublic.com/article/meet-the-ibm-watson-powered-robot-that-could-make-your-next-smartphone/
Why Analysts Are Cutting Their Targets on IBM
http://247wallst.com/technology-3/2017/04/19/why-analysts-are-cutting-their-targets-on-ibm/ International Business Machines Corp. (NYSE: IBM) reported first-quarter earnings results after markets closed on Tuesday. Overall this was a very weak... — read more
IBM Shares Won’t Stop Falling
http://247wallst.com/technology-3/2017/04/22/ibm-shares-wont-stop-falling/ International Business Machines Corp. (NYSE: IBM) did not get a bounce in share price that day after its stock plunged due to poor earnings. The stock fell again the second... — read more
End is nearer
An email was sent at the end of this past week saying that a reorg/shakeup is coming next week or 'soon' in cloud sales, and I would assume that means cutbacks and consolidation, probably also at the management level as well as in the teams. Then... — read more
Why You Do Not Want To Own IBM - Growth Stalls Are Deadly
Read. The. WHOLE. Article. https://www.forbes.com/sites/adamhartung/2017/04/21/why-you-do-not-want-to-own-ibm-growth-stalls-are-deadly/#11af963671bf . . . The stock is still up from January, 2016 lows of $125, and you might think this pullback is a... — read more
World of Watson Conference
Get ready for this one. Just months ago Ginni presented at the conference trying to push the Watson, AI, Cloud and Cognitive story to the people at the conference. Next week IBM to announce World of Watson conference will NOT be taking place in... — read more
IBM Tumbles After Posting Lowest Revenue In 15 Years, 20th Consecutive Quarter Of Declining Sales
http://www.zerohedge.com/news/2017-04-18/ibm-tumbles-after-posting-lowest-revenue-15-years-20th-consecutive-quarter-declining
IBM shares dropped like a rock today
"As the Motley Fool noted, the miss and resulting tumble erased nearly $9 billion from IBM’s market capitalization and brought the Dow Jones Industrial Average down by 64 points. . . . So gross margins are putting pressure on a business that needs to... — read more
IBM to exit ALL hardware business
This needs to happen ASAP if IBM wants to survive. Hardware is bleeding money left and right, it's time to go (it's overdue though)...
Dow industrials finish more than 100 points lower as energy, IBM drag
IBM is a true albatross around the neck of the Dow. How long until they boot Big Bleu out of it? http://www.marketwatch.com/story/us-stocks-primed-to-edge-higher-as-earnings-stay-center-stage-2017-04-19 "IBM has an outsize impact because the Dow is... — read more
As Watson Falters, IBM Needs to Replace CEO Rometty
Pulling no punches! It's time to put Ginni out to pasture. And maybe even get some activist investors involved to leverage a hostile takeover. http://247wallst.com/technology-3/2017/04/19/as-watson-falters-ibm-needs-to-replace-ceo-rometty/... — read more
Why You Should Put IBM's Stock in the Garbage Can and Then Light It on Fire
https://www.thestreet.com/story/14092391/1/own-ibm-shares-dump-them-in-the-trash-and-light-it-ablaze.html Any granny or pop-pop sitting at home trying to decipher what IBM (IBM) said on its earnings call Tuesday evening would have a hard time -- most... — read more
The reason for IBM's performance
The company needs to get back to basics. Thomas Watson Jr. held IBM’s three basic beliefs; 1- Respect for the individual 2- superlative customer service 3- the pursuit of excellence in all tasks
Layoffs + Stock Buyback = 11% drop in Earnings Per Shae
Revenue down AGAIN. 5 years straight. Free cash flow less than half of a year ago. 14% reduction in S,G,&A (people), $1.3 Billion in stock buybacks, AND STILL Earnings Per Share down 11%. Constant layoffs including this latest "Co-location" joke... — read more
Bob’s Big Picture technology predictions for 2017
After this 1Q17 results announcement, it's well worth re-familiarizing one's self with Cringely's #6 Prediction, which he proclaimed in 1/2017: http://www.cringely.com/2017/01/09/15395/ "Prediction #6 — Come-to-Jesus time for IBM. The most important... — read more
IBM CFO says he's 'confident' that IBM will grow again
Amusing quotes for sure! http://www.cnbc.com/2017/04/18/ibm-cfo-says-hes-confident-that-ibm-will-grow-again.html "'The portfolio will grow. I am confident that the IBM company will grow again,' Schroeter said. 'We're taking time to make sure we... — read more
Link to IBM's 1Q17 charts (pdf, 241 KB)
https://www.ibm.com/investor/att/pdf/IBM-1Q17-Earnings-Charts.pdf Lots of figures in parentheses. . .
IBM Sales Miss Shows Return to Growth Not Without Roadblocks
Read the article, but also be sure to watch the ~4min. video on the right-side --> lots of discussion about previous, current, & potential (certain. . .) future headcount reduction... — read more
IBM CFO: We would encourage changes to H-1B Visa program
HA! HA! HA! Right. . ., sure they would. Ginni will do anything to placate Trump & keep her position on his advisory board, as she needs to make sure she's got something to do after she retires soon... — read more