jrmills is right except for the Bill Gates info. IBM could have had the "msft" business. Bill Gates never worked for IBM. His 'idea' was offered to IBM. IBM declined. Bill Gates has a 'forever' smile for the outcome. Many yrs ago IBM declined on the Xerox offer. A huge amount of money lost. IBM then developed their own copier and lagged behind for years in that field. PC's they were the ultimate leader and eventually were "looking over their shoulder" as to who was gaining on them.
do you have millions invested to be so worried ? Investing is not easy. It comes with pitfalls. If you are a short term investor, I appreciate your concerns. Its not easy to make up for the overall paper losses. If you can be a long term HOLD, then losses will become gains, depending on your long term outlook.
One doesn't need to read these 'books'. The facts are common knowledge.
I can only repeat that these facts are well known within the reach of most IBM observers. The authors uncovered nothing except that it might be new knowledge for those not involved with info tech, computers and etc. This business model has been repeated again and again by a variety of failed corporations. Some came back. Some didn't. Like you said ....' End of an American Icon? ' There is a question mark there, right ?
dsc, you need to desperately go for your masters degree. Right now you are limited to selling X-mas trees because you only have a BS degree.
COGITO.....,,.,.,.,,,,"I do NOT work for IBM and I do NOT hold any IBM stock or any mutual fund where IBM company is involved." .............. then why are you here?
I've got the best job. I'm a caddy and instructor at the local miniature golf course. Some Low's employees come in on their off-hours. I thought I recognized DSC but not sure. Maybe he's the guy that on the first hole took three divots in the carpet. Broke his driver. Complained to the course management. Whined so much that they're gonna replace his driver. He told them that he has a degree.
My golly the carpet !! Its on special order now. Low's doesn't carry this.
not good for JNJ.already. Its down 18 cents !
Sentiment: Strong Buy