pretty much what i said ... the BOD needs to be focused over the next months to determine
if Ginny is a product of that incest .. either way .. if they move her out , another outsider
is definitely needed ... Maybe Elan Musk might want to handle the reins ?? i'm certain
he would mine the daylights out of the patent trove ....
IBM was supposed to show a battery that recharges from air this year ( 5 year tech
lookout from '09) .... g
no ... this is Sam's mess ... as long as Ginny can sell the bod on future markets and growth , she'll
stay .. she is as capable as any , BUT .. IBM may need another LG ... Ginny is still a product of
of the internals and might not have the peripheral vision needed going forward .. more accurately , she
may have it , but like any CEO , she will be directing based on input from the team around here , including
a couple of candidates salivating for her office ....
when passing out blame , investors should be concerned with the BOD more than the person wearing
the CEO hat ... g
you are correct , HOWEVER .. if the numbers don't show growth and it's not a value play yet , then
regardless of performance ,, it will be investor psych that determines share price .... IBM could very
well wallow in a range for a number of years before getting new traction and that div just isn't big
enough for many to wait it out .. I'd rather stick with VZ or a few of the pharmas to ride out a tumultuous time ..
I can't see IBM boosting that div for a years and there is a liklihood of cutting it ... g
waiting mode ... still more heavy capex to come , that cash will certainly help , but we need to see how those
investments will keep VZ ahead of the pack... for 1 thing ... the new spectrum they will bid on ... will it have
immediate use , or just be held for a while ... also , even with the sale of some towers , there will still
need to be upgrades , then there is FIOS .. if it's successful enough .. there's a lot of buildout necessary , that
will suck out a lot of quid ..
not a slam dunk , but one of the best places to keep some money working ... g
yup , they missed the rise of servers ...
IBM has always had the conundrum of when to cut the cord on current revenue producing products and
bring out the new .. it's a tough game to control your own obsolecant activities , no different
now ... hardware losing big margins and services , cloud , security and such are the game going
forged a decent chip biz , by putting some real money into it 5 years ago and partnering with a good outfit AND
concentrated on making chips for other companies ...
mostly , IBM only ever produced chips for themselves , then to help pay for B 323 , they started to make
game chips and a few chips for AAPL .. they decided not to grow that business and wound up choking
on it , in much the same way as they did with mainframes 25 years ago ....
It's not like chip mfg can't be a decent business ... there are companies out there doing very well , but
they are diversified .... g
that's why i posted that the shorts are just getting revved up ... again , short at a dime and cover at nickel is
a double ... short at 3 cents and triple by covering at a penny ... NES is a shorts' playground now ...
Okay Surr ... this is all true , however there are still questions ....
IF Emagin has to move .. that will be very expensive and probably no production
for at least 6 months ...
best scenario ... we get some real contracts soon , that will drive need for
SNUP 2 and maybe 3 ... set them up in a 2nd location and get that fab running ,
then close out EF and move the whole shebang ... looks like we have
5 years for that , but the key is more contracts , including something for
as i stated in a previous post .. the next CC should have some interesting
questions that will demand crisp answers ... g
I am not sure if the deposition process can be farmed out while a move
is going on ... g
I would also have to guess, that IF Emagin was not made aware of the
recent events when signing the lease extension that they should have
some recourse should GF shut down chip production at EF .. it would be
far too expensive for IBM to maintain necessary infrastructure at EF just
for development , which could be moved to Albany area ... garce
The manager would stress over which words to use for minutes at a time in our presentation to his higher ups
a bit LOL .. i could never master the correct words and was not invited to
final meetings ... only the preps ....
i know .. hence my concern for Emagin's fortunes ... i'm sure that
whatever they have been paying for leases has been and is a
bargain ... IBM will still maintain development at EF , but who knows
for how long ... they do have a presence in Albany area and could
move the development up there ....
sold IBM in bits for about 4 years .. .completely exited about 6 mos. ago @ 196 ...
i see a redux of 1991 ... IBM could sink to 140 , maybe even the 120's .. then we have to see if the
toads are pushed out and some fresh minds enter ... the patent trove could be levered for tremendous
revenues and the services will do okay to things floating ..
I expect another shoe to drop with a div cut some time next year ... this is a house of pain for a while ... g
77 - 09 for me ... I used to prep my mgr for a 7 am meeting that was prep for a 9 am meeting which
was the prep for the 11 am meeting , the afternoon was filled with more meetings to discuss what
happened in the morning meetings ...
I was getting the impression that meetings were very important because they had so many ... g
also , it was not uncommon for a key person to be missing from the meeting because he/she
was at another meeting at the same time ... g
any serious investor should be watching and in absolutely no hurry to start or add to
a position ..
entire energy sector has lots of dust that needs to settle , same for tech sector ...
far too much controversy on oil / gas ... are the Saudis going to flood the world and
drive prices down , such that US fracking has to mothball ? or is the US driving prices
down for whatever reasons ? Will Russia dump huge volumes on the market because
they need money ... Mexican gangs tapping pipes and selling cheap on black market ?
How many other countries have such gangs ..
The picture is fuzzy ... good time to just watch , maybe buy some insurance .. g
and you don't think that the current div level is at risk ???? IBM's borrowing is pretty well tapped out , so they
won't be able to borrow more to prop up the div and earnings don't look good enough to sustain it ..
anyone not willing to watch at least 2 more quarters before deciding to buy is drinking too much Kool Aid .. g