Workload rebalancing is an unrealized promise because the last of these conditions—operating at the same or higher level of profit productivity—has not been met. IBM has been increasing profits by lowering wages, but this has been offset by the... — read more
Will the New Year Bring the Fall of Another Iconic American Brand?
This is Virginia M. Rometty's reality: IBM's brand is in big trouble. It will take a change of leadership and strategy in 2019 to save one of America's most-iconic brands. Otherwise analysts and shareholders, executives and employees, customers and... — read more
4Q18 Results: Miss, Meet, or Beat?
It's that time again, folks! One week before 4Q18 Results announce, so lock-in your answers now! I'll start: miss.
Modernizing Medicine opens new headquarters at old IBM office in Boca Raton
In 2015, Modernizing Medicine received an investment from IBM, part of a $20 million financing round. Not sure if IBM still owns this building, but if so, then Modernizing Medicine is essentially paying the rent for awhile with Big Bleu's money?... — read more
Clamps down on non-customer travel and expenses for 1Q19
Seems the 4Q18 clamp-down on travel has just carried-over into 1Q19, as just received word of this in Systems group. Don't know how widespread. Guessing 4Q18 results are not looking too rosy. . .
Are Options Traders Betting on a Big Move in IBM Stock?
Clearly, options traders are pricing in a big move for IBM shares, but what is the fundamental picture for the company? Yeah, a big downward move. https://www.zacks.com/stock/news/346686/are-options-traders-betting-on-a-big-move-in-ibm-stock
T-Systems to sell mainframe unit to IBM: Handelsblatt
The Handelsblatt daily cited an internal memo which said 400 employees in six countries would switch to IBM in May. Sacrificial lambs to be RA'd within a year or so of the acquisition closing. For recent evidence, just ask the Verizon folks that were... — read more
The Skills Matrix
My team was just asked last week to fill in a matrix of our skills and what were working on with timeframes. Now sometimes these requests can be data gathering for a big bid, but I know it’s not for a big bid this time as I know of several other... — read more
IBM laying off more than 300 in RTP
https://www.newsobserver.com/news/business/article224283465.html#storylink=latest_side
Next round of layoffs
When can we expect next round of layoffs? It is more and more obvious each day that anybody in their late forties or early fifties and up has no future at IBM. This leadership will stop at nothing to get rid of us, it seems. And unfortunately, they... — read more
Maybe the same poster will stop posting
It’s obvious from the posting here the vast majority of the comments here are from one person....check writing style. Can you please stop?, you’re ruining the forum and making it look like your column. I’m definitely not sticking up for IBM, but get... — read more
IBM Managers Discussed Ways to Thin Older Ranks, Documents Say
From Bloomberg today: "International Business Machines Corp. managers discussed ways to make the company’s workforce younger and move jobs overseas, according to a presentation filed in court recently."... — read more
The RedHat buy was a bet, but it was the only bet left to play
You say IBM overpaid, And I agree with you. BUT what was the alternative??? IBM had to get back into the game of cloud, and the only way to do that was buy Redhat or Hortenworks. They were the only 2 open source players left standing. (both have... — read more
The first step towards the RedHat acquisition IBM took 20 years ago
Of course, this title is metaphorical, but it paints a good picture of IBM’s journey from a conservative corporation to a corporation that cashes out the biggest amount for a tech company in history, for a company that is based on open source... — read more
IBM to 'be gone' from AECOM by Spring
https://www.computing.co.uk/ctg/news/3068859/ibm-to-be-gone-from-aecom-by-spring-says-insider A depressingly familiar story that could be from any one of IBM's outsourced clients. No doubt the loss of this account increases the chance of more... — read more
IBM sued by 57 year old for Age Discrimination
https://www.dailymail.co.uk/news/article-6562823/Former-IBM-employee-57-accuses-company-firing-age-discrimination.html A former IBM employee is suing the IT company, alleging she was fired because of age discrimination. Terry Keebaugh, 57, was fired... — read more
IBM commercials
Last night I saw an IBM commercial claiming that Watson can improve call center efficiency. I guess diagnosing cancer is too hard. Then I saw a commercial where IBM Cloud can do something, I don't know what, with racing cars? IT looks like IBM... — read more
LA sues IBM over the use of Weather Channel consumer data
I really don’t know how this lawsuit is going to end, and I understand that the use of consumer data is a sensitive area, but I recognize IBM’s sneaky practices of saying one thing and doing another. When will they learn that things like this can... — read more
IBM RA Severance Pay
I can't fathom how they can change the severance pay. When I was absorbed by IBM, we were sold on the company culture and being true blue etc. Part of the reason I didn't jump ship was that they had specific benefits at the time. I never imagined a... — read more
IBM's Seterus mortgage-services Sold
https://www.businessinsider.com/ibm-sells-mortgage-services-product-seterus-2019-1 IBM sold its Seterus mortgage-services business to Mr. Cooper Group, the companies announced Friday. The terms of the deal weren't disclosed, though IBM said Seterus... — read more
Ex-employee accuses IBM of ‘longstanding and pervasive’ age discrimination
facebook.com/IBMwatchdog/
Has anybody seen this?
This has IBM written all over it. A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often... — read more
IBM claims that AI will reshape marketing
I see that IBM is trying to aggressively push their planes regarding the application of AI in the sector of marketing into the media. Maybe in terms of publicity, after the Watson disaster in cancer treatment, the smart thing to do was to switch the... — read more
IBM-owned Weather Company sued for covertly mining user data
According to the lawsuit filed by the government, the Weather Company, the business behind the app, deceptively collected, shared and profited from the location information of millions of American consumers. The app unfairly manipulated users into... — read more
IBM selling more assets
IBM selling its Seterus platform... this is more evidence that the company is cleaning up shop to divest one or more divisions to pay for the Red Hat acquisition... — read more
Watson Health
My husband left a good job with Philips in 2016 to join Watson Health. Should we be worried about layoffs this quarter?
A sense of “slow” panic
IBM is very concerned as to how 4th Q and full year results will be received. If results come in “light” look for an announcement “sooner” as the board and management can’t take the inspection anymore (they are out of excuses and runway). The much... — read more
Dilbert -- Wednesday, January 2, 2019
https://start.att.net/comics/title/Dilbert/date/20190102/
2015-2018 was bad time for stock buybacks
https://www.cnbc.com/2018/12/11/investors-should-be-furious-3-stock-buybacks-that-went-horribly-wrong.html If IBM senior management's lack of vision is not enough, according to CNBC, their bad timing puts them in the bottom 4. We have watched the... — read more
IBM’s 2019 strategy. YES article says 2021,BUT it’s going to happen far faster with selloffs and spinoffs
https://www.forbes.com/sites/steveandriole/2018/11/01/ibms-post-red-hat-quandary-buy-build-or-dress-up-for-an-exit/#b7f0bb51dcb4
If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours
https://www.facebook.com/IBMwatchdog/posts/292909338236928 "In a story this year, ProPublica described how IBM has forced out more than 20,000 U.S. workers aged 40 and over in just the past five years..."
IBM & Sears = Prodigy > Amazon
In the mid 90's IBM and Sears sold their interests to this group for $200 million. It was estimated that IBM and Sears had invested more than $1 billion in the service since its founding. It's a shame someone at Prodigy did not have the foresight... — read more
Former AmEx Boss Chenault Leaving IBM, P&G Boards
It starts with a trickle. . . https://www.wsj.com/articles/former-amex-boss-chenault-leaving-ibm-p-g-boards-11545953913 Kenneth Chenault, the former chairman and chief executive of American Express Co. AXP 0.90% , is stepping down next year from his... — read more
Lawyer Blog - IBM Age Discrimination.
https://blogs.lawyers.com/attorney/discrimination/ibm-age-discrimination-52401/ "However, a spokesman for IBM claims that the layoffs over the years have nothing to do with age, but rather an attempt to acquire an updated skill set, which is not... — read more
My holiday wish for Ginni, the exec management team, and the board
https://www.youtube.com/watch?v=-H9l4tovIWk
Shareholder files suit over IBM-Red Hat deal
And it begins! https://www.bizjournals.com/triangle/news/2018/12/18/shareholder-files-suit-over-ibm-red-hat-deal.html Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been... — read more
Ginni gone in 2019?
We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management. The reality has been so different. Twenty two consecutive quarters of declining top-line revenue. $106 billion... — read more
It’s all about the cash flow
It’s all about the cash flow!!! Wall Street has voted thumbs down on Ginni’s public plan so far. That doesn't Mean they don't Think it will succeed, BUT they think Ginni and the current management team will not pull it off. Wall Street is putting... — read more
IBM’s Debt and Deal Make the Stock a Big Loser Again
Merry Christmas! https://www.barrons.com/articles/ibms-debt-and-deal-make-stock-a-big-loser-again-51545652800 Big Blue’s shareholders are getting used to seeing red. International Business Machine (IBM) stock has posted the third biggest decline in... — read more