Thread regarding IBM layoffs

Cloudera has set the tone for 2nd q earnings

NOTE the flashing red light. Cloudera had good earnings considering, and yet they are getting hammered this morning (down 12%) due to revenue forecast being light. Does that sound like anyone else we know who is moving to enterprise hybrid cloud? IBM will have to respond to light revenue forecasts and we all know the play book. Right now according to the metrics the Exec team uses, 2nd q is going to be a miss. Reps have to have daily cadence calls for their fortune 1000 customers. GBS, and Power are getting hit especially hard. Time will tell ehhh

https://www.thestreet.com/investing/cloudera-light-revenue-outlook

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| 1171 views | | 1 reply (June 4, 2020) | Reply
Post ID: @OP+15iMaVR1

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The current levels of the stock market make absolutely no sense. Pandemic. 25% of the workforce has filed for unemployment over the last 10 weeks. Riots for the last week. Economy was heading for recession even before all of this. Stock market keeps going up. I thought it was the Fed propping the market up, but could it just be dum-dum investors who think Q2 won't be that bad? I have news for people - Q2 results are going to be really bad for everyone except maybe Zoom.

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Post ID: @rca+15iMaVR1

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