IBM's Total Debt is About to Hit Almost 80 Billion Dollars, the Company Can Only Raise $14.8 Billion Within 3 Months
Route towards insolvency, not just irrelevancy
9 hours ago:
Also some hours ago:
IBM's "Cash on Hand" (not actual cash but how much it can raise at short notice or convert into cash) is $14.885 billion, as of two months ago.
The debt is about 67 billion dollars and will grow soon.
IBM is a dying company. It's grabbing anything that it can get its hands on, hoping it can 'fake' growth while laying off tens of thousands of its own employees and whilst insulting them.
The fate of Red Hat and thus the fate of projects controlled/led by Red Hat will be impacted by this. █