(ℹ) Join us now at the IRC channel | ䷉ Find the plain text version at this address (HTTP) or in Gemini (how to use Gemini) with a full GemText version.
| schestowitz[TR2] | https://www.thelayoff.com/t/1k2fg2esn | Aug 14 03:04 |
|---|---|---|
| -TechBytesBot/#techbytes- ( status 403 @ https://www.thelayoff.com/t/1k2fg2esn ) | Aug 14 03:04 | |
| schestowitz[TR2] | "Yes, IBM is not Salesforce, built via acquisitions, and that's perfectly fine. | Aug 14 03:04 |
| schestowitz[TR2] | IBM, on the other hand, talks AI, Quantum dev... | Aug 14 03:04 |
| schestowitz[TR2] | Thoughts confirmed, thank you very much for the dialogue. | Aug 14 03:04 |
| schestowitz[TR2] | 4 hours ago by Anonymous | Aug 14 03:04 |
| schestowitz[TR2] | | 3 reactions (+2/-1) | Reply | Aug 14 03:04 |
| schestowitz[TR2] | Post ID: @fk+1k2fg2esn | Aug 14 03:04 |
| schestowitz[TR2] | +4 | Aug 14 03:04 |
| schestowitz[TR2] | @f6 There's nothing wrong with it, but you need to acknowledge what it makes you - a holding company with a portfolio of investments NOT a technology company. IBM is a modern day Computer Associates / Platinum Technology pretending to be an actual tech company. | Aug 14 03:04 |
| schestowitz[TR2] | 5 hours ago by Anonymous | Aug 14 03:04 |
| schestowitz[TR2] | | 4 reactions (+4/-0) | Reply | Aug 14 03:04 |
| schestowitz[TR2] | Post ID: @f9+1k2fg2esn | Aug 14 03:04 |
| schestowitz[TR2] | +1 | Aug 14 03:04 |
| schestowitz[TR2] | @f3 | Aug 14 03:04 |
| schestowitz[TR2] | Do you mind if I ask you and others: | Aug 14 03:04 |
| schestowitz[TR2] | 1) What are your thoughts about companies that grow via M&As to the point that it represents more than half the revenue? What does it tell you being part of an organization that has gone through so many? | Aug 14 03:04 |
| schestowitz[TR2] | 2) What type of CEO gets in and does that? It's almost as if, mistakes get made again and again, and they still fall for it or keep them for too long. | Aug 14 03:04 |
| schestowitz[TR2] | 6 hours ago by Anonymous | Aug 14 03:04 |
| schestowitz[TR2] | | 1 reaction (+1/-0) | Reply | Aug 14 03:04 |
| schestowitz[TR2] | Post ID: @f6+1k2fg2esn | Aug 14 03:04 |
| schestowitz[TR2] | +1 | Aug 14 03:04 |
| schestowitz[TR2] | @f3 | Aug 14 03:04 |
| schestowitz[TR2] | Excellent post, simple, but thoughtful. | Aug 14 03:04 |
| schestowitz[TR2] | Thanks. Makes perfect sense now. I completely missed the fact that they divested, but also made them buy, which created fictional revenue. | Aug 14 03:04 |
| schestowitz[TR2] | I also forgot the inorganic growth. | Aug 14 03:04 |
| schestowitz[TR2] | All of it makes it worse.... | Aug 14 03:04 |
| schestowitz[TR2] | Thank you so much for taking the rime to add more to the scenario. | Aug 14 03:04 |
| schestowitz[TR2] | 6 hours ago by Anonymous | Aug 14 03:04 |
| schestowitz[TR2] | | 1 reaction (+1/-0) | Reply | Aug 14 03:04 |
| schestowitz[TR2] | Post ID: @f5+1k2fg2esn | Aug 14 03:04 |
| schestowitz[TR2] | +6 | Aug 14 03:04 |
| schestowitz[TR2] | The initial jump after 2021 was due to the contracts Kyndryl signed as part of the divestiture. The deal included Kyndryl agreeing to buy a cr@pload of stuff from IBM after they were spun off to artificially inflate IBM revenues for the first year or two after the transaction. | Aug 14 03:04 |
| schestowitz[TR2] | Also, consider where IBM revenue would be without all the acquisitions: | Aug 14 03:04 |
| schestowitz[TR2] | https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_IBM | Aug 14 03:04 |
| schestowitz[TR2] | Hashicorp, Aptio, Turbonomic, RED HAT, not to mention a ton of smaller consulting firm acquisitions that have kept IBMC numbers above water. | Aug 14 03:04 |
| schestowitz[TR2] | 6 hours ago by Anonymous | Aug 14 03:04 |
| schestowitz[TR2] | | 6 reactions (+6/-0) | Reply | Aug 14 03:04 |
| schestowitz[TR2] | Post ID: @f3+1k2fg2esn | Aug 14 03:04 |
| schestowitz[TR2] | +4 | Aug 14 03:04 |
| schestowitz[TR2] | @ee | Aug 14 03:04 |
| schestowitz[TR2] | IBM never recovered from the Gin(ni) and Tonic damage. It was THAT severe. | Aug 14 03:04 |
| schestowitz[TR2] | Let's not forget. Kyndryl ended up being a no growth endeavor (negative actually) and finally divested. Can we say that her strategy (that led to the divestiture of the managed infrastructure services business) was initiated during Ginni? | Aug 14 03:04 |
| schestowitz[TR2] | Since AK took office, he went from the lowest ever $57.4B in his first year back up a bit $62.8 last year (using the same numbers posted by @dn). This puts the average of $1.35B per year (I know this is not how it grew, but just for simplification), which makes it minimal (low growth). | Aug 14 03:04 |
| schestowitz[TR2] | So in his first year he lost money, to then bring it up just a bit YoY. The reason you bring an insider as CEO is because the individual is supposed to enable quick turnarounds with no or minimal learning curve. He was already doing Red Hat (as in, jumped to the opportunity to position himself). | Aug 14 03:04 |
| schestowitz[TR2] | Instead of a growth strategy, he implemented a cost-cutting, layoffs strategy, which in the event of IBM in and of itself is not the right way to go. Yes, he touted investments and growth strategies, none of which and in almost 5 years have seen the kind go growth trajectory that the market expected and IBM needed. | Aug 14 03:04 |
| schestowitz[TR2] | Now, if we look at the history of the company, and this is just my opinion, Ginni was a terrible CEO and she effectively was the one that did a "great job" at ending a beautiful legacy. She is responsible for IBM going down. Numbers don't lie. | Aug 14 03:04 |
| schestowitz[TR2] | What I still don't understand is how she managed to stay for 9 years. Yes, I know, but still doesn't make sense to me as to how a board, investor, shareholders allow it, and how journalists kept touting her as this "great executive". Plus, they gave her more money to s_c_r_ew things up even more??? | Aug 14 03:04 |
| schestowitz[TR2] | Why in the world make the same mistake again? | Aug 14 03:04 |
| schestowitz[TR2] | I just don't get it.... I must be missing something.... | Aug 14 03:04 |
| schestowitz[TR2] | " | Aug 14 03:04 |
| -TechBytesBot/#techbytes-en.wikipedia.org | List of mergers and acquisitions by IBM - Wikipedia | Aug 14 03:05 | |
| schestowitz[TR2] | https://www.thelayoff.com/t/1k0yjxs1t | Aug 14 03:27 |
| -TechBytesBot/#techbytes- ( status 403 @ https://www.thelayoff.com/t/1k0yjxs1t ) | Aug 14 03:27 | |
| schestowitz[TR2] | " | Aug 14 03:27 |
| schestowitz[TR2] | While I acknowledge there are some Indian and Chinese manager nepo-hires occuring, the truth is that H1Bs are just better and genuinely try to be productive. | Aug 14 03:27 |
| schestowitz[TR2] | I went through 100+ American hires and they were 99% quiet quitter no-skilled weirdos. Had to resort to H1B in my own company to get things done. They aren't even cheaper than Americans by the way. You have to pay them the same. | Aug 14 03:27 |
| *techrights-sec1 has quit (*.net *.split) | Aug 14 09:08 | |
| *schestowitz-TR2 has quit (*.net *.split) | Aug 14 09:08 | |
| *rianne has quit (*.net *.split) | Aug 14 09:08 | |
| *Kermit has quit (Connection closed) | Aug 14 09:09 | |
| *schestowitz-TR2 (~acer-box@freenode-hk7ah0.ldvb.0amm.hij1op.IP) has joined #techbytes | Aug 14 09:09 | |
| *rianne (~rianne@freenode-b2n.ra8.a7lnth.IP) has joined #techbytes | Aug 14 09:09 | |
| *techrights-sec1 (~quassel@freenode-hk7ah0.ldvb.0amm.hij1op.IP) has joined #techbytes | Aug 14 09:09 | |
| *Kermit (sid393220@freenode/user/kermit) has joined #techbytes | Aug 14 09:09 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Aug 14 11:18 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Aug 14 11:38 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Aug 14 21:48 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Aug 14 22:09 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Aug 14 22:50 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Aug 14 23:03 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Aug 14 23:15 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Aug 14 23:16 | |
Generated by irclog2html.py 2.6 | ䷉ find the plain text version at this address (HTTP) or in Gemini (how to use Gemini) with a full GemText version.