The Big Blue ship is leaking and creaking, and the new skipper says there’s no need to change, … Just keep those fingers plugged in the leaks, as we rehearse the sinking ship drill at...

They got rid of a dud so that the profitability of ‘ the rest of IBM hardware can now shine.

They got rid of a dud, so the profitability of the rest of IBM hardware can now shine.

Prior to 1994, IBM didn’t have the kind of structure it has now. They also had silos,

The way I would characterize what I saw today is, they’re on a slow path of improvement. It’s not a sprint.

The mainframe is much more important to IBM than meets the eye. Off of that mainframe IBM gets a ton of other revenue.

Overall, IBM hit the first quarter on the button. The company is on the slow track to improvement.

The answer obviously has to be in diversifying the customer set, drilling down deeper into the smaller and medium-sized companies,

If anyone wants to look at the quantum leap at IBM, they should look at profit margins. Investors have to be savvy enough to accept the fact that sometimes smaller is better, but that’s not...

What he is saying is we expect to meet the expectations thanks to this additional source of revenue, not from our existing ongoing operations,

These companies, in their own way, all are in trouble and cutting back their capital spending and budgets, and that’s why the IT services vendors are feeling the pinch as well, … That cannot be...

Global Services results are disappointing, especially a $2 billion drop in its backlog in the fourth quarter. And a 9% decline in new contract signings? That means that the biggest IBM unit is losing more...

Only the degree of severity of the decline will vary from one company to the next.

Overall, you can say the quarter was on the mark. The sales and earnings were about where they should be for this quarter.

This is exactly what IBM went through during that time frame.

That’s been the sales pitch I’ve been hearing from all these companies.

You put it all together and what it tells me is they’re losing more business than they’re selling. And that’s a worrisome sign.