IBM is good at manipulating their numbers to make them look good. The latest good numbers reflect cost cutting which means labor cutting. They do it endlessly. To them its constantly turning their satellite dish towards the current business-thats their spin. They are moving all they can overseas!
I have IBM friends out of RTP (some on the way out) with many years of lead experience (who took a big hit on their changing pension plan a while back) on some of their best products and services over decades, who think their days of "excelling" are really numbered.
Starting to cut muscle and bone now (leaving upper management only targeting bonuses for themselves) at the expense of longterm health!! The day will come when this company pays for several years of shuffling cards and conjuring magic tricks!
But for this quarter-looks good! This is about as far out as we have been brainwashed to look at them anymore! If your a trader in this only, I guess thats OK. Past gains do not ensure future performance-LOL!
JMO
Kutz
Free Forum Hosting
Important Announcement
Prev Message
New Discussion
Recommend