Garce, you used to be behind IBM, extolling patience and that this will come around. Now you have dumped the shares and seem a lot on the negative bandwagon. What's the true story here, you finally ran out of patience and now are looking for a reentry point, or what?
It seems like the only way out of the 9 quarters of sales decline is to fire the CEO. Perhaps insiders know that it's coming? Based on 10B FCF, IBM only worth 143 with -5% decrease in sales. Better lower the valuation again. No wonder insiders keep selling.
Sentiment: Strong Sell
"From the congenital idiot who logs in multiple times each day to post his "Troll Report."
Untrue on both counts.
You are a nasty fellow.
aside from game chips and a few products for Apple , IBM only ever made chips for themselves .. .now
they don't need so many and what they do need could easily be bought from somebody else.
that was to build the fab , didn't put much in after that .. major impetus for starting that plant
was contracts to build games chips for the big three ..
fact is IBM has not done too well with partnerships ... to wit: the West Campus .. IBM spent
2 or 3 years trying get a consortium together .. .prime project was Xray litho ... they couldn't
get anybody and had to move on the thing itself ... 30 years ago they couldn't partner
with anyone to build phone switches , then bought ROLM and gutted it , the also
effectively owned MCI (held their bonds) , they almost gutted that and NEVER EVER
were able to penetrate the phone chip market ...
IBM's long suit has been materials ... remember C4 ? IBM has always had a wide
moat with any of it's endeavors , today , it's different , the old model is done , IBM has
been exiting hardware since 1986 , but the big diff today is that the next phase already
has very very stiff competition .. it's going to be tough , they might just need another
LG to shake things up ... they'll get there , but there could be some scars along the
way .. i will continue to watch ... g
"Palmissano could have invested something in the chip fab to keep it viable for a while longer and
help with the transition "
IBM put $5b in a new fab in Fishkill in 2003 -- largest single capital investment in IBM's history.
grace -- if you need help with IBM's history regarding hardware please let me know.
BTY -- his name is spelled Palmisano.