Very sad. What does it take for the board to wake up and do what needs to be done? Five years of revenue declines!!! 30 millions plus and for what? TIME FOR A CHANGE!
The CEO must go.
The board doesnt care about the shareholders...only their quarterly check for being on the BOD. They should remove the bonuses fore SR executives till the company can turn the ship around and afford to pay them. Right now IBM leadership is the worst in the tech sector. IBM getting pummeled by Amazon, oracle, Microsoft and others who are taking IBM customers. Get rid of these do nothing middle manager morons, flatten the structure Keep technical help and get rid of these numbskull first and second line managers that cant track an elephant in the snow.
How many CONSECUTIVE quarters of falling revenues and earnings will it take before the average institution says ENOUGH ? The mainframe is DEAD !
No problem for Ginni and the other Execs. They'll get their shares and bonus checks and declare things are in the up & up after another RIF.
Love all these fresh hot takes on how dire the situation is for IBM. Meanwhile they continue to make boatloads of cash and profit and earnings remain unchanged
How can she still be CEO? Even Buffet bailed in early May.
I have owned IBM stock for a long time and at a lot higher price and I am very concerned. Ginny has to go & I looked up who the largest shareholders are and they are Vanguard, Blackrock, StateStreet. I called McNabb at Vanguard as I have an account there and he did not reply. Guess, his philosophy is the same as Bogle: BUY & HOLD, but that does not work today. Also, Ginny made a comment on Mad Money with JC that shareholders can choose to buy & sell what they want. This just shows me she is out of touch. You should make the company something people want & have to have & say your going to make IBM the world's best. I think IBM needs a big shake up with somebody who cares & knows tech. The potential is unreal in health care, the cloud. If we could just use the cloud to store all the police monitoring & arrest. Healthcare is wide open for improvement. I mean we would not need Infection Control Dept. if we could monitor what infections each hospital habors & save on drug cost. I am frustrated!!!! Somebody somewhere has to help before they go under. I believe IBM may go broke! HELP this American Company. PLEASE!!!
Should IBM stock still be among other stocks in the Dow Jones Industrial Average index? Or should it be replaced? What is your opinion?
If I didn't have an $8 cost base Id dump this in a heartbeat. So instead I say dump the CEO and the Board.
CEO Ginni Rometty did it again - 21 CONSECUTIVE quarters of revenue decline!!! Ms. Rometty must be incredibly proud of her consistent devastating revenue decline. Please remember she is the FIRST WOMAN CEO of IBM. Please also note that quarterly revenue declines are measured and compared year-to-year. Therefore she has destroyed IBM in 5 and half years. Ms. Rometty is a CRIMINAL and should go to JAIL!!!!
Reuters) - International Business Machines Corp's (IBM.N) quarterly revenue missed analysts' estimates as growth slowed in its higher-margin businesses that include cloud and artificial intelligence services, while demand for its legacy technology services fell....GINNY"S GOTTA GO! The BOARD NEEDS A SHAKEUP!
Apparently, IBM should have sold - at less than cost - another $200 Million in services / products and the street would have been ecstatic. YOY Q earnings up, strategic businesses up, but overall YOY revenue down and missing estimates = a price beating.
Probably high time to consider taking this off of the DOW and replacing it with something else.
whooz yor daddy
Better sell if long this pos is unlikely to break its record of 20 consecutive quarters of declining revenue growth
Technically, there are up gaps in the price chart of IBM stock from early 2016 in the $135 range. Up gaps are almost always filled on the downside - especially if the stock has issues, so I would wait for $135 or lower before buying. Also, new CEO would be great - one more interested in turning the company around that maximizing pay packages for herself - All IMHO.
The average cost of my IBM holding is 145.53 a share. Appears it will hold around 140s. This is a waste of time. I wish i had AMZN instead, just like Warren Buffet said implicitly a few months ago.
145 it will see as they cannot stop the falling revenues and earnings quarter after quarter this company is no longer relevant !
When people hate a stock so much, that is when one should really start looking into that stock to buy.