I'm very positive on IBM as a core long term holding but not expecting it to behave like a small cap growth Tech. Some of the bashers that appear are feeding us with a picture of the future which they have no clue about. I'll take just one item that I think is a strong positive for the future following their method but with a positive view.
The advances in knowledge in every field are happening at a rate no one expert can keep with. The internet has helped deal with this to some degree, IBM's Watson engine has no peers and is invaluable as a tool for the technical fields but not only that group. IBM also has the most sophisticated service organization and customer base. IBM can take the cream and leave the scraps as shown by its ability to improve its margins. That's enough for starters. WW