fair enough ... now , did you know that IBM never made the best computers ?(until Watson, anyway) and you
are probably right about the rest of your list ... IBM has always been about SERVICE ... not just computing
service , but just service , top to bottom .. they also were not first on many things ...
bottom line is that IBM has made obscene amounts of money over the past 100 or 110 years ... 'nuff said .
it's your lack of content or analysis .. YOU stated that the PC
business was the only one that IBM got out of , which was not
true .. ALSO
I have no faith that this management team can easily transition this company from a hardware business to a software/services company.
As i have posted before , the plans to exit hardware were in
place back in the mid 80's . Opel , Akers , Gerstner , Palmissano
have all been part of it , Ginny is just the next in the succession ..
and , by the way , like her successors , she will not be doing
it alone , but with an executive team !!!!
but with 450k employees, there is a lot of fat to cut here, ..... i agree , but the fact that they
continue to carry so many employees is testament to IBM's strength .. they have been
a lot more careful on hiring since the mid 90's , but there has to be some bloat there ..
also , with IBM looking to hawk the server business , they need to keep it humming and
that means a drag on the ratio of revenue per employee ... i trust IBM to know this
and taking steps to correct ....
I cannot think of another company who has been on the ropes as often as IBM , only
to come roaring back ... it's their style ..
IBM will maintain their div in the 22-25% range of cash flow , regardless of what the revs and earnings
are ... additional buyback already announced ?? for sure , but then so has the dividend been announced
and increased , maybe you missed that , if you don't actually own any shares .. eh ?
yeah .. i dumped FTR almost 2 years ago .. kind of sorry i didn't hang on to it .. still pumping 10% div and
looking like ATT will be pitching in the life support , nice move if you held it ...
for now , i'm pumping all i can into GE , at least below 30 , after that, i'll have to reassess ... and you are most
Share buybacks that reduce the float, and cutting expenses by getting rid of talented employees that built this company ...
yes , all the stuff that a company should be doing on an ongoing
basis .. however ,, just about every company that has ever
existed , tends to ignore these facets of business during
boom years , then they have to reduce workforces and such ...
those actions make good business sense , but usually
do not get acted on until there is a downturn in business ,
which sets the company up for a very powerful run on the next
methinks , that you should stay away from investing until
you get a chance to take a few basic courses .. .g
Service of their own hardware.
wrong again .. IBM's service business is running whatever a customer
is paying them for ... inventory control , data mining , payroll , analytics and
much more ... whatever hardware servicing is required is part of
the contracts ...
I have to guess that you only heard about IBM 2 years ago ....
HELLO ?????????????? how often do you read company events ?
once every 5 years or so ...
IBM has exited:
1) pc biz
2) hard drive biz
3) 90% of it's chip biz
4) now looking to hawk the server biz ...
5) typewriter biz
6) tape drive biz
so what's left ?
can't really see much difference between Obama and S. Palin , except that Barrack has a stickshift and 2 ball
bearings .. he can run faster (and it doesn't hurt that he's Kenyan !!) ...
His legacy will probably read ... "BARRACK , THE 21ST CENTURY LONG DISTANCE RUNNER .. g
she was probably using black seeking bullets .. they have been outlawed somewhere ..
maybe if she policed her brass , there won't be enough evidence .. g
mmmmmmmmmmmmm boy , yeah .. gimme dat 'possum , with graaavy rollin' down it's back .. makes me winch my lips , pull in de slack ... apologies to Collins & Harlan .. g
Rory .. a couple of things that you can bank on with NES
1) it has completely decoupled from market moves
2) will not move with oil/gas metrics like price / unit , # drilling rigs , etc .
take a look at today's action . NES up big and everything else down , down , down .. this is
not a an indication of strength ... until real facts are known , this one will just be a mule
for traders and shorts ...