by year-end. Carli will bankrupt this company very soon. The poor founding fathers namesake is slowly deteriorating into oblivion. IBM will be able to buy the new "combined company" for $5/share in another year, and may well. It's a shame seeing two powerhouses neutered, almost literally overnight, by inept and incompetent management.
Huge layoffs and still no profit -- what a sad story.
The layoffs took place 2 weeks ago... and they may not even be over yet in some countries. This isn't Microwave popcorn... you don't put things into effect for 3 1/2 minutes and expect to have it perfect... come on, get a grip.