Once Top-Ranked IBM’s Been Relegated Among the Second-Tier Outsourcers

Some analysts insist, based mainly on the name, that IBM is poised to turn around.
One bull at Bank of America even compared Krishna to Satya Nadella, the now-
legendary CEO of Microsoft. That’s like comparing Rice basketball coach Scott Pera to
Duke coach Mike Krzyzewski . (The soccer equivalent would be comparing Wednesday
coach Darren Moore to Pep Guardiola.) They both do the same job. They just work in
different leagues with different expectations.

OUCH!

https://investorplace.com/2022/01/once-top-ranked-ibm-stock-relegated-among-the-second-tier-outsourcers/

Comment! It's anonymous!

5 replies (most recent on top)

They're saying 2nd tier outsourcer i.e below accenture, wipro etc.

Which itself makes ibm 5th tier tech company, sounds about right.

For ref:

Tier1: fang
Tier2: little less paying but growing companies like msft
Tier3: orcl, cisco, intel etc.
Tier 4: accenture, wipro
Tier5: ibm,...

IBM is working on the third and fourth tier right now.

Translation: "BofA is long on IBM and would like to unwind its position without taking too much of a bath"

Second Tier??? I think IBM's fallen quite a bit further down the tiers that that! 😏

We all know what bulls are full of. Same with BoA analysts.

Thread regarding IBM layoffs

Once Top-Ranked IBM’s Been Relegated Among the Second-Tier Outsourcers

5 replies (most recent on top)

Post a reply