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International Business Machines Corporation Message Board

  • retired.bandb retired.bandb Apr 20, 2013 2:04 PM Flag

    2004

    Revenue is on track to match 2004 (if they can halt the decline). So with PE=13, why is the stock worth any more than the level back then (around $90)? And that view is optimistic because the world economy was not in a complete reset in 2004 with Japan doubling their monetary base and European countries nearing default on catastrophic amounts of debt.

    Do you really believe GR's statement that they just need to close a couple of open mainframe and software deals? How are they going to deal with an employee base of 467K with fully burdened cost per employee above $100K? That's nearly $50 billion of headcount expense. And most of that expense comes from acquired employees in new companies that they can't really afford to lose right now.

    Glad I walked away when Palmisano left and cashed out all my vested options and restricted stock.

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