The latest quarterly financial result seems like so.
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They’ve stolen the 401k match because they’re out of cash holdings and need more. You think this is a sign of resurgence?
IBM always shows 1 good quarter The next 3 will tell the story
Don't be surprised if IBM turns out like the USPS or Amtrak...a "too big to fail" business that is propped up with government support. There are parts of the business that are used by too many "important" customers, and a lot of sensitive technology that nobody wants to see in the wrong hands. It would be a lot easier for the USG to prop it up rather than deal with the politics of selling IBM to a suitable buyer.
They really have a small niche market for customers and they fail at all things named quantum and ai. IBM will collapse or bought out eventually.
IBM's mainframe and legacy software businesses are coasting along. All other lines of business are in trouble.
As for Red Hat...IMHO you pretty much have to be an insider to really understand what's going on. From what I've been told by actual Red Hat employees (some current, some former), IBM is merely accelerating what has been going on at Red Hat since before the acquisition...a core of really productive employees (both technical and non-technical), surrounded by a gigantic layer of non-productive people (both management and non-management, both technical and non-technical) who generate no actual value for the business.
For now. Thanks to hide/dump financial games and Red Hat. Which they are converting into a body shop.
I think there won't be any real innovation from their side, they will just keep playing the buy and dump game to say alive forever. Leveraging passive incomes.
Company outlook is terrible, Red Hat Linux community outlook is terrible too nowadays.
They just got lucky and gained momentum due to the current bad west economy.
Most of the employees are currently stuck there.