IBM Says That Half of Its "Assets" is Basically Pure Fiction ("Goodwill")
Related: IBM's Debt Increasing for Three Years in a Row
IBM says it'll lay off many thousands of people this year (the CEO says it'll be the same as last year). We've looked at the official report and took the screenshot found above, along with some highlights in red (added by us).
We're already accustomed to IBM/Red Hat staff attacking us for merely pointing out facts*. Those attacks have lost their effect and they can be indicative of us getting "warmer" (closer to suppressed information).
Remember that IBM is about 60 billion dollars in debt.
Don't worry, however, as IBM has 34.482 billion dollars in "assets" (not cash) and it values "Goodwill" at 60.706 billion dollars (not kidding, IBM says it in its report**).
It times get tough, IBM can sell "Goodwill" at the local pawn shop and pay back the lenders, right? █
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* IBM is viciously attacking critics, including us. Money buys it "apologists" (like Microsoft and Bill Gates bribing media, universities and so on). Lots of ad hominem attacks by the IBM apologists turn out to be wrong and they apologise/retract after challenge.
** The buildings aren't worth that much and a lot of office space is rented. We gave new examples of it last year. Employees are an expense for the most part, not an asset. Patents are overrated. After selling many buildings decades ago, IBM is mostly a brand and its power is "connections" or "legacy customers" (locked in).