long term .. IBM is still okay , but for the time being .. it looks like a broad range will be the story .. probably
though year end .... the div is okay , but IBM will never set any records with their divs .. .
EXACTLY .. i don't know why some of these guys do not realize this .. just study a bunch of large
caps and their travails when there is a change at the CEO level ... the outgoing person has been
driving what worked to it's max and maybe didn't put enough emphasis on the next platform , the
incoming person often looks like a monkey for a while .. same thing happens when a new president
takes office ....
the kind of transition that IBM is making does not come quickly , nor easily ... for a company the
size of IBM , you really cannot assess the new CEO for about 3 years ...
if you have been on the board for a few years , then you would remember all the nasty stuff
hurled at Sam P , then, after a couple of years , he's a hero and went out on top ... well
logic , alone , would say that if a CEO goes out on a high note , that tough sledding is
awaiting the new person and ships the size of IBM don't turn all that quickly ... garce
another thing to bear in mind , is that much of stock investing is all about what the investing
community at large is doing .. right now , IBM has enough detractors and with 8 quarters of
decling revs , i expect some big selloffs , maybe even driving below 170 , but long term it's
another story ... at this juncture i will just watch for a while ... g
Poor John Akers ... a real eager beaver who took the bait .. i doubt that there were any other
internal candidates on deck that would have accepted that .... Opal never did anything to
drive IBM into the future , just kept milking the old standards , which is why IBM got slammed when
multiple servers we being opted for over mainframes and not developing the service part of the
company ... AKERs was a bag holder .. also was only 48 when he got the corner office ... the
Catholic Church realized hundreds of years ago , not to install a young man at the top .. just
not enough experience and also you are stuck with an imcompetant person , as BOD's move
rather slowly ....
IBM might fumble around for another year or two before getting roaring again ,, in this day and
age .. anything tech and telecom are in the same boats .... impossible to build a "moat" and
we will continue to see stock price volitility for some time to come ....
later .. garce
hey yield .. "those who do not study history , are bound to continue making the same
mistakes over again " ... retired's blurb about Akers should be well received ... Ginny
is certainly not taking the reins of a busted company ... different from what Akers took
over ... g
Google is probably years ahead of the game , like FB buying OR that has no products , but might be useful
someday ... the industry is lusting for a new gadget and everyone is looking to "pull an apple" and dominate
the landscape with a must have product ... OLED is still in the womb ... a quick study on the history of
lighting will show that it took decades and countless engineers working to get the final product , from arc lamp
street lights in the1840's until TAE finally got it right with a tungsten filament ... g
is John Kelly still around ??? he must be about 80- y/o ... 30 years ago when he was still at EF , everyone
thought he was a buffoon and fumu'd his way up .... g
one of the very very few boards on Yahoo , where 95% of the posts are directly correlated to the actual
company or stock ... even tho' some of the posts are inane or repetitive , at least everyone is on topic ..
some of the other boards will have hundreds of junk political or social posts between 2 posts that have
something to do with that company ....
not sure about the future of NES ... i bought in , then bailed and now watch ... certainly could be a great story
but might also wind up getting bought out at a bargain price by some big company that you don't want
to own , or it might just shrivel up , if new technologies replace the massive amounts of water needed
for fracking ... but then again .. that's what investing is all about ... risk must be present ,if there will
any chance to make money ... GTLA ... garc e
as with any other company , share price does not determine what they are willing to pay out ... it's
all about free cash flow , or the ability to service debt and dividends ... most companies have a
% target of fcf to set the div .. now , if cash flow has begun to increase , they probably won't raise the
div until they feel confident that the increase of fcf will be sustainable .... keep your eyes on the fcf to
determine the future div path .... if fcf has been declining , then there could be a cut in the cards ...
don't bet the farm on anything ... g
agreed , that a cursory glance would indicate that coiled spring , but look at what business the
company is in ?? is it a growth sector ? answer = no ... WIN , as well as FTR are trading like
classic utilities and most likely to continue ... as for hold or sell ?? as long as you feel the current
div is safe , then by all means hold , there will be more consolidation in this patch and if your
company gets bought out , you might add a nifty cap gain ... somewhat of a #$%$ shoot , but
collecting 10% should soothe the impatience ... g
bingo ... correct ... they might just be using the preferreds in lieu of a bridge loan ... they recall'em any
time .. bonds wind up being subject to all sorts of events that have nothing to do with the company
or it's business ... much rather to see preferreds issues than float bonds or dilute the common
So how about you? I would sum your bio up as no education to speak of and laid off from a blue collar assembly line job at IBM.
YUP , that's me .. no sour grapes ... also i did not make a comment on JK's abilities , just the shop talk ..
he did mess up things at EF , but then people who are targeted for fast track are given assignments to
learn , without regard to results , hence the term FUMU ... Holly Caswell was a great lab director , but
he wasn't going any farther with the company , so he booked .. Kelly was annointed very early on ...
it's not unusual for a person for tremendous ability to flounder at lower levels , but a company needs to
expose such persons to various parts of the business before getting them to the level where they
can do best ... it's like at some point , careers are capped , without foreign experience , so they get
an assignment that fills the bill , sometimes they fail miserably , but over the long run , they learn from
those experiences when they reach their final level are very valuable ...
BTW .. i have a bachelors degree and a tech degree , traded my blue collar for a white collar and got
sick of that , so went back to the line .. in the early days , i made a lot more from the suggestion
program than my wage ...... later ...garce
He also has a masters degree in Physics from RPI and a Ph.D. in materials science. Also been awarded the semiconductor industry's top honor - the Robert Noyce Award (2009) and IEEE's Frederick Philips award (2010). He was elected to the National Academy of Engineering for contributions to the US semiconductor industry through technology innovations and strategic leadership.
no doubt , JK has a great pedigree , but, as with most engineers , they make lousy managers and in
his early days , that's what he was doing ... managing manufacturing ..
in case you hadn't noticed , an engineer will never be CEO of IBM , NEVER ... aside from the only outsider
brought in at a senior level (LG) , every CEO has been a salesman , yup , even Tommy Watson was
a salesman .... garce
sorry , but the retooling has been done already , otherwise we wouldn't be seeing the new trucks in the
fall ... no doubt, there is a good deal of risk with Ford and it's total revamping , but then nobody ever made
much money from companies with no risk ....
thanks yield .. i honed my skills at dealing with these types during my tenure at Big Blue ...
it was always fun to watch yet another person get promoted beyond their competency ..
but there were also other JK's .. because the company would not put them at the
level the should be or in the job that they should , they rattle them around to get some
experience and to wait for the opening .. during those times , even the most astute person
would come off as a buffoon ...
IBM used to have a practice or promoting an engineer to mfg 1st line .. they would stay
for about year , then back to engineering with their new level ... they made horrible
managers , yet had lot's to contribute ... .
one more ... back in the day , the shop talk about John III was EXACTLY like the dumb posters who call
out Ginny ... do you like Ginny ??
my prediction is that you will come back and post some #$%$ , regardless of what the numbers are ...