Big deal in that it gets IBM the chance to prove themselves in terms of cloud infrastructure to the government. Nice to get their foot in the door anyway.
It's not EPS, but total earnings, and that is at an all time high despite less revenue. That tells me IBM is investing in the right areas and making a lot of profit. They still sell tons of software on other hardware and have been behind Linux based systems all along. Face it, midrange hardware is becoming a commodity much like the PCs and IBM knows that. I trust their judgment a lot more than a bunch of analysts who just a few months ago (even with declining revenues) were lauding IBM as a solid investment with high target prices. They are nothing but sheep for the most part, they follow the current popular opinion.
But you do what you want. Me, I am buying more at this level, it has not steered me wrong yet.
You act like I am bitter toward IBM, nothing could be further from the truth. They did what they had to and I did what I had to, found another job. But IBM is still one steady blue-chipper that I will continue to invest in, to me this is just another shakeout of the timid.
Has driven IBM prices down nicely. Smart investors know now is the time to scoop up shares, idiots are the ones selling. So they missed on revenue, they made more money (not EPS, just total $$) than they ever have before. Someone tell me what's wrong with that business model, please?
Sounds like you guys know it all, if that's the truth, then just sell it all or short it. What a couple of tools, like most "analysts" out here.
Sounds like you are the idiot here. Why would anyone sell today at this price except for scared little girls like yourself? IBM will bottom around 175 and climb back above 180, at least wait until then. What a tool.
I'd bet Buffet is not panicking on this, he knows a lot more than you or I do. But you go right ahead Chicken Little, get out while you can, more for the rest of us.
Agree 100% garce, a lot of idiots out here whose only analysis is the headlines they read. Look where IBM took it in the shorts this quarter, it was again in small to midrange hardware, which is yesterday's news, while they were up in almost every other category you look at. But to the cretins out here, that spells disaster.
This is nothing more than a buying opportunity, IBM may well settle around $170 tomorrow or Friday. A good time to get in for those who know what they are doing.
Garce, I wish I knew, sometimes the ups and downs of this stock just defy explanation. Manipulation comes to mind a lot these days.
Hmm, supposed expert analysts downgrade IBM just before earnings again, and prices drop. Seems like another "opportunity" created to load up? Coincidence? I think not, same old #$%$.
You are exactly right. In the corporate world (at least for the non-execs), there is no unlimited pile of money for us to work with, we have to actually live within a budget that cannot exceed revenue. Government on the other hand just spends and spends, paying no attention to any budgets because they can just print more money if they need it. Pathetic.