$34B well spent! https://www.barrons.com/articles/ibm-stock-downgrade-neutral-legacy-businesses-red-hat-51571668644 IBM stock was falling Monday morning after an analyst at UBS said he sees less upside for the stock. The back story. IBM... — read more
Aside from Red Hat, Numbers were horrendous - nothing more to add.
We'll continue to try to shrink to profitability. Something that nobody pulled off before.
Has anybody seen this?
Can you say IBM? https://dilbert.com/strip/2019-10-13
IBM Analyst News
IBM board members are you honestly paying attention? Even Wall Street isn’t buying what Ginni is selling https://seekingalpha.com/news/3507283-ibm-minus-1_8-percent-ubs-hits-sidelines
IBM: Why yes, Red Hat is doing great. Thanks for asking. The rest of Big Blue? Sure, wait – someone's at the door...
https://www.theregister.co.uk/2019/10/17/ibm_q3_2019_financials/ Fantastic quarter: Sales, down. Profit, down. Business as usual
Apple CEO Tim Cook Begs for Mike Lee’s Green Card Giveaway to Big Tech
Last 2 paragraphs Others bankrolling Lee’s S. 386 are the outsourcing lobby, like Cognizant and the IBM Corporation. Cognizant and IBM have a total of seven lobbyists pushing the legislation. IBM and Cognizant are set to gain hugely from S. 386, as... — read more
IBM Stock Is Down After Reporting Solid Earnings, Mixed Sales
_He said the company’s outsourcing business—“Global Technology Services”—missed internal expectations for the quarter due to lower client business volumes in the United Kingdom and Germany._ So we know the unit that will be targeted for the majority... — read more
IBM Earnings Fall in Prolonged Sales Slump
As goes revenue, so goes headcount: (3.9%) YTY so we should expect the commensurate amount of headcount reduction, but undoubtedly Ginni will just make it a nice round 5% as the math is easier for the bean counters to... — read more
CNBC: IBM sinks on Q3 revenue miss
The Fast Money traders discuss IBM's decline in revenue. It's the fifth miss in a row, and it speaks to the broader story for IBM. https://apple.news/AFtPME0cAQi-JgI63sHCdMg
IBM Perks & Benefits
Insurance, Health & Wellness Health Insurance Dental Insurance Flexible Spending Account FSA Vision Insurance Health Savings Account HAS Life Insurance Supplemental Life Insurance Disability Insurance Occupational... — read more
IBM must produce documents said to show company scheme to lay off older workers
IBM must produce documents said to show company scheme to lay off older workers By Marjorie Johnson, J.D. The company argued that discovery should be limited to the RIF group that included the employee, but he claimed that the RIF group was a... — read more
Red Hat CFO departs company three months after IBM merger
Another one dives overboard. https://www.newsobserver.com/news/business/article236001743.html
IT Student Preferences 2019 Edition
This is per Business Insider, coverage of "World’s Most Attractive Employers 2019" (WMAE 2019) Source Study: https://universumglobal.com/wmae-2019/ PDF File: https://storage.pardot.com/13732/214935/WMAE_2019_ebook.pdf Universum, a research... — read more
Red Hat Kubernetes Kingpin Grant Shipley Jumps Ship To VMware
Abandon ship! https://www.crn.com/news/red-hat-kubernetes-kingpin-grant-shipley-jumps-ship-to-vmware
IBM Earnings +
If IBM bombs again with its earnings even after acquiring Red Hat, that should be a clear sign to the Board that Ginni needs to be kicked to the curb as CEO, President and Chairman! She's too stingy to give the former CEO from Red Hat, Jim... — read more
The 40 companies engineering and IT students around the world say they want to work for
IBM at #5? Seriously!?!? Big Bleu's P.R. machine must be working overtime to spread utopian stories of life at IBM to these naive Gen Z and Millenials... — read more
Why IBM is using A.I. to find jobs for people who don’t have a college degree
What about IBM using A.I. to find jobs for older, current employees as opposed to RA'g them? https://www.cnbc.com/2019/10/03/why-ibm-is-using-ai-to-find-jobs-for-people-without-college-degree.html
Latest situation at the IBM HelpDesk for WPP in NYC
https://www.facebook.com/alliancemember/posts/1472154586255854
IBM certifies a much-needed 140 data scientists for AI development
Queen Ginni beknighted some "New Collar" data scientists! Guess a B.S./M.S./doctorate degree is clearly no longer needed to have "scientist" in your job... — read more
Everyone Has a Wealth Number. What’s Yours?
Notable for the person in the "Who" column that they chose to represent someone ranked at a "7". https://www.bloomberg.com/news/articles/2019-09-30/everyone-has-a-wealth-number-what-s-yours
Digital Business Group (DBG) is only getting started with their co-location plans
[Raising from a comment: @VZzqzzM-56thy on a post that was posted almost a year ago]. I have it on very good authority that the Digital Business Group (DBG) is only getting started with their co-location plans. Security was the first. If you... — read more
People who say ‘follow your passion’ are already rich.
Don't listen to them... Just find what you’re good at and work hard at it...
Types of Layoffs
Quits: Employees who left voluntarily. Exception: retirements or transfers to other locations are reported with Other Separations. Layoffs & Discharges: Involuntary separations initiated by the employer, including: Layoffs with no intent to... — read more
Just a baby spinoff
https://finance.yahoo.com/news/ss-c-acquire-algorithmics-assets-200500267.html
Marketing needs to go!
Who else agrees with me? We can save money and maybe not have to lose some of our best engineers while literally losing nothing useful in the process (honestly, what's the last good campaign they came up with?). Any way you look at it, this would be... — read more
Judge blasts Big Blue for trying to wriggle out of revealing Operation Baccarat blueprints
IBM was ordered late on Friday to produce communications from CEO Ginni Rometty and other executives related to Operation Baccarat, the IT giant's alleged company-wide-plan to replace older workers with younger... — read more
Amazon Should Buy IBM (And End the AI Democratization Strategy)
This can't happen quickly enough. https://www.forbes.com/sites/steveandriole/2019/09/23/amazon-should-buy-ibm-and-end-the-ai-democratization-strategy/#1d622931f545
Golden company sues IBM for dumping toxic waste decades ago in Erie
More negative IBM news. https://www.coloradohometownweekly.com/2019/09/16/golden-company-sues-ibm-for-dumping-toxic-waste-decades-ago-in-erie/
IBM sues Zillow over multiple charges of patent infringement
Patent trolling is IBM's true moonshot. . . https://www.inman.com/2019/09/18/ibm-sues-zillow-over-multiple-charges-of-patent-infringement/
If Red Hat's Jim Whitehurst ever became IBM's CEO, here's some insight on how he will manage
There's certainly some "CEO-speak" in his comments, but still just in these brief comments, it surely sounds like he would be leaps and bounds better than... — read more
How IBM Is Investing in Human Capital
The caption across the bottom @4:27: "Rometty: Age is irrelevant when learning new skills." Oh Ginni, you still think you're fooling us? https://www.bloomberg.com/news/videos/2019-09-20/how-ibm-is-investing-in-human-capital-video Ginni... — read more
IBM Perks & Benefits
Insurance, Health & Wellness Health Insurance Dental Insurance Flexible Spending Account FSA Vision Insurance Health Savings Account HAS Life Insurance Supplemental Life Insurance Disability Insurance Occupational... — read more
Has IBM figured out that Ginny is what's destroyed our company?
Or is that still a secret?
Layoffs at 50 Year Low
Things are not as bad as some folks want you to believe. We haven't had a large RA in years. Just saying... I am not trying to minimize trouble that RA'd folks have to go through nowadays - I am merely saying that we are having less RAs if compared... — read more
IBM Layoffs 2019: 4 Things to Know About the Job Cuts at IBM
Here is the summary: There are layoffs at IBM: every.single.year There will be layoffs here: every.single.year Executives prefer layoffs to growth, hence no change will happen ever The company is sliding into oblivion, there is nothing... — read more
At some point in the future, we envision the convergence of the smartphone, mobile VR headset, and AR glasses into a single XR wearable.
XR could replace all the other screens in your life, like that big TV in your living room. Mobile XR has the potential to become one of the world’s most ubiquitous and disruptive computing platforms—similar to the smartphone... — read more
Employees in an increasing number of professions can work just about anywhere they want—in their home, at a coffee shop, on a plane.
And chances are they’re more productive and more engaged than they would be if they were in the office. They may even be planning to stay in their job longer because of their flexible work location. In 2017, Stanford economics professor Nicholas... — read more
53-qubit quantum computer
IBM continues to push its quantum computing efforts forward and today announced that it will soon make a 53-qubit quantum computer available to clients of its IBM Q Network. The new system, which is scheduled to go online in the middle of next... — read more
IBM CEO Ginni Rometty Says IBM Was Built on Diversity and Inclusion
Ginni Rometty, International Business Machines Corp. chair, president and chief executive officer, discusses the importance of diversity and inclusion in the workplace. Diversity and inclusion, excluding anyone over 40 though. Watch the... — read more