IBM’s cloud infrastructure takes a “full stack” security approach—covering applications, data, operating system, and hardware, said Rob Thomas, general manager of IBM Data and AI. “A lot of security issues don’t come in at the app layer... — read more
Why Was IBM Watson a Flop in Medicine?
https://mindmatters.ai/2019/08/why-was-ibm-watson-a-flop-in-medicine/
It's not Age Discrimination
I work in Legal in one of the USA offices. I will be the first to say that everyone on this board is 100% incorrect about IBM being guilty of age discrimination. So many people on this site are complaining because they got RA'd (very sorry to hear)... — read more
IBM Leicester - save yourself before it's too late
https://www.reddit.com/r/newIBM/comments/cntdiq/ibmleicestersaveyourselfbeforeitstoo_late/
IBM has to make some desperate changes
I’m not sure you are correct about IBM being over, BUT Ginni still is the CEO so we’ll see. IBM has to make some desperate changes if they are to survive this and come out on the other end. Gerstner dumped 30% of the company to save it. The new CEO... — read more
Another Opinion...
IBM is at the inflection point of the turn-around and will return to sustainable long-term growth in the next year. The valuation does not reflect the improvements revenue composition and the consequent growth and margin outlook. I... — read more
Lisa Su, Next IBM CEO?
Not that fast... Lisa Su denies rumors that she's taking over IBM. AMD CEO Lisa Su denied a rumor that she wants to replace Ginni Rometty as IBM's chief exec, but experts say that IBM could do a lot worse than this 'superstar' AMD CEO Lisa... — read more
IBM Is a Growth Stock Again Thanks to Red Hat Deal
Paragraphs 3, 5, 6, and 8 contain some serious smoke-blowing, particularly paragraphs 3 and 8: At a long-awaited webcast with analysts on Friday, IBM laid out the rationale and financial impact of the Red Hat acquisition. (You can see the... — read more
AMD CEO Lisa Su rumored to leave, eyeing CEO role at IBM
Seems the rumor mill is churning. . . https://www.tweaktown.com/news/66933/amd-ceo-lisa-su-rumored-leave-eyeing-role-ibm/index.html
If Watson Is So Smart, Why Is IBM's Stock So Low?
To summarize, under Rometty, IBM has 1) fully embraced the productivity toilet that is the open plan office, 2) eschewed the massive productivity boost of widespread telecommuting, and 3) replaced its most experienced and tech-savvy... — read more
Layoffs at Watson Health every quarter for next two years?
Can anybody confirm this?
Investors call 8/2 10-12 summary
The investors call just finished. The summary boils down to IBM has changed strategy to redhat’s, built around OpenShift and openStack. IBM will focus on building services around these going forward with their “extensive services” operations... — read more
Former HR VP Says IBM Wanted to Look 'Cool' to Millennials, Fired 100,000 Workers
Former HR VP Says IBM Wanted to Look 'Cool' to Millennials, Fired 100,000 Workers Lucian Armasu | Aug 1, 2019 7:08 am ET https://amp.tomshardware.com/news/ibm-class-action-age-lawsuit-100000-fired,40064.html
RA today... 8/1/2019
Well... today was the day. RA notice for a 61 year old, with 30 + years, in Watson Customer Engagement division, working out of New Hampshire USA. No surprise,.. was hit with RA twice before but was able to jump to another division in IBM with... — read more
Another person over 50 yrs old hit today -ME
Sad. IBM hardest company in the world to work for. I think their attrition by millennials sums up the state of wwork place. Most don't even know what the letters IBM stand for.
Have heard a rumor that a second wave of RA's could start today, anyone else have info?
I've heard from 2 IBMer's that they have odd meeting scheduled for today with their managers (with no details in the meeting invite, no subject/topic, and short notice– the invites came in last night & this morning). In both cases, when the IBMer... — read more
If you cant make retirement, leave while you can
The people leaving are those with 1) marketable skills and 2) their eyes open. And people with marginal skills (focused on dead or dying Ibm products and technologies...most of the portfolio), are jumping while the job market is hot enough for... — read more
Ibm’s Past behavior is starting to haunt them
https://finance.yahoo.com/news/ibm-fired-many-100-000-191146867.html Dumping a 100k worth of heads and saying it’s a skills deficiency is going to be really hard to argue because the next question will be “you hired 100k worth of incompetent... — read more
How many people have quit already?
Everybody knows people over 50 are as good as gone at IBM - the question is not if they'll be laid off but when. I've noticed a pattern lately of people approaching this age group leaving on their own. I didn't ask them about it - I really don't... — read more
IBM hit with another age discrimination suit: What it means for Red Hat
For its part, IBM executives have referred to recent reductions on earnings conference calls as “workforce rebalancing,” where it’s about the skills – not the employees. On a recent call, CFO Jim Kavanaugh said the company was divesting... — read more
IBM Watson Health's new manager talks about returning to basics, doubling down
And as discrepancies between its eventual offerings and earlier promises became clearer, the company began narrowing its pursuits to more successful areas. How tactfully phrased! Nevertheless, the Watson name went unmentioned in IBM’s... — read more
Something changed
Environment here is clearly toxic towards IBMers who love their job, that's for damn sure. We loved our jobs too. Something changed.
IBM Has Levers To Pull
[Raising comment @10b4jZsf-1nzs to a standalone post]. Once Red Hat is integrated, I expect IBM to leverage Red Hat's SG&A and R&D infrastructure. This should allow the company to cut expenses further while benefiting from Red Hat's outsized... — read more
The Red Hat Future
The leading cloud companies are about to reach escape velocity, IBM is mortgaging its future at the RHT junk yard on sc-aps to rebuild Apollos. I can see why IBM thinks RHT is the right medicine for itself and the cloud. But it demonstrates that... — read more
IBM-Red Hat: Should developers worry we’re headed back to the 1990s?
IBM/Red Hat appears to want to prescribe a monolithic stack of Red Hat products from top to bottom, all the way down to the operating system. Its leadership recently said, “This is the problem that we’re aiming to solve — providing a... — read more
'Polarising' Oracle and 'disjointed' IBM remain cloud also-rans
If that’s the way IBM wants it, then fine. But IBM has signalled that it is rebuilding its IaaS offering and Gartner believes that effort has resulted in only “incremental improvements to the infrastructure services formerly under the... — read more
Don't look behind the curtain
https://seekingalpha.com/article/4276342-ibm-worse-quarter-initially-appears YoY Expenses up, revenue down, profits down. How many other units can we sell off to fool investors?
Perspective on 2nd q performance
https://seekingalpha.com/article/4276342-ibm-worse-quarter-initially-appears Given the above article there seems to be a 3 prong approach to IBM’s transformation Buy Redhat to change the narrative to a “Hybrid cloud company”. (Done) .. — read more
Is the flow of workers from AT&T going to impact our positions?
I’ve checked out the AT&T board on this site and spoke to a few people familiar with the matter, and it all points to the situation where AT&T-ers all believe that they are basically rebadged to IBM just to change their replacements. But could it be... — read more
IBM is a 'zombie company': Analyst
Even so, Fitz-Gerald has his doubts. “I think [IBM] is late to the party and they are going to be a dollar short,” he says. “I just simply don’t see them competing with the likes of Amazon or Microsoft, which are rapidly growing into the... — read more
Are buybacks and dividend increases just Roadmap 2015 version 2?
Sure seems that way. Keeps Wall Street happy and the stock afloat in the short term. Totally unsustainable in the medium term and will have to be abandoned. Destroys the company in the long term. At some point there must be top line revenue... — read more
Trump Vows Close Look at Computing Contract Amazon Seeks
“I’ve had very few things where there’s been such complaining,” Mr. Trump said. “Complaining from different companies, like Microsoft and Oracle and IBM. We’re going to take a look at it, we’ll take a very strong look at it.” So Ginni and... — read more
IBM's Last Report Without Red Hat Was a Mixed Bag
Free cash flows increased by 28%, landing at $2.4 billion. Capital expenses came in at $431 million, less than half of the year-ago period's $1 billion. A $270 million real estate sale played a large part in that year- over-year comparison... — read more
IBM Sales Drop and Executives Aren't Ready to Discuss Red Hat
The future of IBM is hybrid cloud, said Ian Campbell, chief executive officer of Nucleus Research. “But the biggest challenge is they are very late to the cloud party,” he said. Amazon Web Services and Microsoft Azure have dominated the... — read more
Sorry IBM: Lower Revenue is not "Good News".
Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share ... ... IBM’s revenue fell 4% from a year earlier even as earnings grew 3%. This is "Good News" only when share price matters more than anything else. Expect more RA's to... — read more
IBM reports better-than-expected earnings, maintains full-year guidance
And in the quarter IBM took a charge because of “an unfavorable legal ruling” in a case against the state of Indiana that had been outstanding for around 10 years, James Kavanaugh, the company’s senior vice president and chief financial... — read more
IBM Revenue Lags as Cloud Pivot Remains a Challenge
Gross profit margins expanded to 47.4%, IBM said, a result of the company’s focus on exiting less- attractive businesses. Mr. Kavanaugh said IBM made $575 million from long-planned asset sales in the quarter, within the range of $500 million... — read more
IBM Earnings 2019Q2
Shares of IBM rose as much as 4% on Wednesday after the company reported better-than-expected second-quarter earnings. Here are the key numbers: Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share as expected by analysts... — read more
IBM lands AT&T contract worth ‘billions’
“This is a vindication of the value of the hybrid cloud, and the value of Red Hat,” Ms Rometty said. IBM would handle much of AT&T’s computing workload in its own cloud data centres while also managing AT&T’s work with other cloud... — read more
Microsoft will become AT&T’s “preferred” cloud vendor
https://www.reuters.com/article/us-microsoft-at-t-cloud/microsoft-att-ink-cloud-deal-worth-more-than-2-billion-idUSKCN1UC1KK So, ummm, what's going on here? AT&T unloads 15,000 IT people onto IBM, presumably to leverage AT&T IT into the IBM... — read more