IBM shares open down 5 percent after weak results

Comments (12)
Neurochuck wrote:

IBM have been very good at “working the account” at corporate IT departments by various means, and often capturing nearly all the IT budget as prime contractor, and adding their big margin on to products and services supplied from subcontracts. Fearsome legal fineprint, “career sponsorship”, etc.
But the market with cloud computing suppliers is different – they have to directly compete for equivalent hosting services and are focused on “bang for the buck” from their technology suppliers.
Maybe IBM sell, until they “reinvent” themselves again ?

Jan 21, 2014 9:08pm EST  --  Report as abuse
UScitizentoo wrote:

Congress would rather support the Indian high tech industry by allowing jobs to flow to 60% cheaper Indian labor. IBM, the old model of employee citizens, can’t compete with a fascist congress intent on destroying America. Get used to the decline of the American middle class, you ain’t seen nothing yet.

Jan 21, 2014 10:25pm EST  --  Report as abuse
usagadfly wrote:

Buying computer equipment or services of any kind from a US company is just like banking with the IRS. The US Government will know everything there is to know about your business, even if you are not American. And they will charge you to pay for them putting their long nose in your business, in addition to helping themselves to your information.

The NSA has cost the USA its computer industry. Or more accurately a bunch of ignorant and extremely arrogant US politicians did. And they still don’t know what they did or why anyone’s customers are upset with having their information turned over without their consent. It is plain stupid to rip off your customers, and it is even worse to say it doesn’t matter. If it doesn’t matter why should the US Government have any “secrets” or “confidential” information? One set of rules for the goose and another for the gander? Sorry folks. US tech stocks are toast.

Jan 21, 2014 11:13pm EST  --  Report as abuse
m2grs wrote:

The miss in China is entirely because of NSA. Look out for Cisco and other high tech giants. They are having the same problem in China, Russia, and other countries.

Jan 21, 2014 11:31pm EST  --  Report as abuse
mark_kaskin wrote:

IBM is a dinosaur. A corrupt business model that is obsolete in the modern world of open architecture and competition. No more do you need to overpay just because of IBM having a hammerlock on a few individuals in the organization – now you can show the Board how you can save money by getting the exact equivalent or better from a non-IBM vendor.

IBM will go the way of American Motors and GM – losing marketshare playing an old business model until bankruptcy reotganization.

Jan 22, 2014 1:35am EST  --  Report as abuse
mark_kaskin wrote:

IBM is a dinosaur. A corrupt business model that is obsolete in the modern world of open architecture and competition. No more do you need to overpay just because of IBM having a hammerlock on a few individuals in the organization – now you can show the Board how you can save money by getting the exact equivalent or better from a non-IBM vendor.

IBM will go the way of American Motors and GM – losing marketshare playing an old business model until bankruptcy reotganization.

Jan 22, 2014 1:35am EST  --  Report as abuse
mark_kaskin wrote:

IBM is a dinosaur. A corrupt business model that is obsolete in the modern world of open architecture and competition. No more do you need to overpay just because of IBM having a hammerlock on a few individuals in the organization – now you can show the Board how you can save money by getting the exact equivalent or better from a non-IBM vendor.

IBM will go the way of American Motors and GM – losing marketshare playing an old business model until bankruptcy reotganization.

Jan 22, 2014 1:35am EST  --  Report as abuse
mark_kaskin wrote:

IBM is a dinosaur. A corrupt business model that is obsolete in the modern world of open architecture and competition. No more do you need to overpay just because of IBM having a hammerlock on a few individuals in the organization – now you can show the Board how you can save money by getting the exact equivalent or better from a non-IBM vendor.

IBM will go the way of American Motors and GM – losing marketshare playing an old business model until bankruptcy reotganization.

Jan 22, 2014 1:35am EST  --  Report as abuse
Sinbad1 wrote:

The US IT industry is cactus at an international level, no business wants its information passed on to US competitors. The growth areas in IT will be in nations seen to be reputable by the international community, Germany perhaps.

Jan 22, 2014 6:58am EST  --  Report as abuse
piledriver11 wrote:

what is i b m anymore?. computers,cloud,software or data mining? does anyone know? it was an engineering company at one time and armonk headquarters is full of patents and they need to open the vault and there girl ginni needs to get the boot,like 99.9% of all women CEO’s. i b m needs a leader with a strong engineering background and a leader that makes sure they don’t give things away like windows and the internet. IBM’s stupidity,arrogance and lack of a dreamer engineer steve jobs mentality, has cost them and they should be the competitor to google.there counting pennies and forgetting about thousand dollar bill over management philosophy has cost them dearly.hopefully the board gets there act together and makes a move quickly and doesn’t suffer a meg whitman type ride like h p is going through. remember any clown can cut heads,subcontract out work,take away worker compensation package and get huge bonuses for it,but engineering and scientific leadership can develop new technologies to market and then the pennies don’t matter.ask google about it,they are printing thousand dollar bills off true sales,and could buy the beamer boys if they wanted too. ibm is buying back stock to make it look like there alive.this CEOs trick is getting worn out and the market knows it. ginni and co need to be shown the door.

Jan 22, 2014 7:40am EST  --  Report as abuse
CBS07 wrote:

@UScitizentoo:
Really? IBM has more employees in India then in US.
http://www.livemint.com/Opinion/NHnLRi9Gn5LQFX1Z2CnG0N/IBM-employs-more-staff-in-India-than-its-US-workforce.html

I know you want to hate, but seriously, do some research. geez.

Jan 22, 2014 4:12pm EST  --  Report as abuse
BlueOkie wrote:

Time for a new CEO

Jan 22, 2014 5:21pm EST  --  Report as abuse
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