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not very good.. IBM likely wont pre http://hedge.ly/I8Ezbs
People have written off IBM for longer than I can remember.
Yeah but the IBM's chickens are gonna come home to roost, and when they do, it's gonna be spectacular.
They have an IP portfolio that positively no one can touch. Their sales could go to zero and their valuation would still be well into the billions.
Are you talking about Eastman Kodak?
Bullish! Makes it so much easier to beat lowered expectations... and Market will rally like crazy on "Great" results.
It's almost same thing at work as Revisions. First they announce great number but when horrible revision hit's it's in the past and has no effect. Here everyone forgets that expectations where lowered....
When rotated to the right it looks like a giant red boner. Wonder who is going to get screwed?
I don't know..., maybe we should look around.
Oops..., my shoe is untied...
Never let fundamentals and reason stand in the way of a good pump job!
IBM is now heavily into "Services" so the hardware is much less significant. Data mining for.Gov should carry it through, although in China... not so much.
The multiple for "services" is much lower than for technology.
And IBM is getting smoked in health IT. For their health data analytics, which has been on the market for well over a year, they still don't have a single reference client. Same for Oracle.
its all priced in, to let them beat, so the cheerleaders on tv can circle jerk eachother.
irrational exhuberance.
Remember when things like quarterly preannouncements used to be mattering things?
People said that a about Kodak.
But the value of their IP turned out to be rather un durable.
Comparing IBM to Kodak? Er.....
Yes.
Except, Kodak had much better brand loyalty.
Nobody ever wrote a song saying...
You guys are clueless.
http://www.bloomberg.com/news/2013-01-10/ibm-granted-most-u-s-patents-fo...
http://www.ibm.com/ibm/licensing/
http://www.nytimes.com/2012/12/20/business/kodak-to-sell-patents-for-525...
Even the most rosy forecasts were nothing compared to IBM.
Are y'all referring to some other IBM?
So, you are saying it would be different with IBM, when they have to sell their patents to these same buyers, just to stay afloat a few more quarters?
Oh yawn. OMG IBM ARE COLLAPSING. Ridiculous hyperbole.
Not collapsing, expiring, along with its patents.
"just to stay afloat a few more quarters?"
Uhuh. Not collapsing.
And their latest patents will expire in - what - 25 years. But I guess they will stop filing for patents this very second, right?
You might be right. You should probably get long IBM, but then again, it sounds like you already are.
I asked my kid what IBM stands for, and he said, "What is IBM?"
I told him the truth, that it is a consulting company for the government.
where did I suggest anyone buy IBM? all I responded to was the ridiculous assumption that IBM is about to collapse.
Yes, ridiculous.
IBM is only down 13% in the last 6 months,
while the NASDAQ Composite is up 15.5%.
THINK! Remain calm, all is well.
But..., isn't gold down too?
THe only similarity between gold and IBM is they are both outsourcing themselves to Bangalore.
I remember the day in 1994 when I took a look at IBM's prices for AS400s and the like, combined with the PC market rapidly getting away from them and decided that if I had had any IBM stock I would sell it immediately.
Obviously I'm not stock-trading material.
OTOH, that was also about the time I decided that PCs would bury midrange and mainframes in the business market and the internet would be the Next Big Thing. So I did get SOME things right back then....
i see you "forgot" to point out where i told anyone to buy ibm.
ah right, so now the Nasdaq (actually, in the case of IBM: NYSE) is a reflection of companies health! who ever knew!
I never said you put a buy rating on IBM, but the above comment of yours might easily be interpreted as don't sell.
Stocks are different than a horse race. If you find yourself on a loser, you can switch stocks.
lol
Even more ridiculous to compare Kodak to IBM. Kodaks bread + butter was a product people stopped buying and they seemingly had no plan on how to deal with that. IBMs issues seem to stem mostly from being too big and too spread out (and therefore unmanageable).
People have been saying the same thing about msft for ages, but I've yet to hear someone compare msft to kodak even though there'd be a better case but still totally absurd.
Like GM? Too big is good. The government will save them, but probably not the shareholders.
The price of IBM stock is only $178.94. If the stock had bad earning and the stock price started to go below $100, would you call that collapsing? I know I would.
Around this loony bin, people will compare anything to anything to get the posts strung out to the right. It's a game. You've taken the bait and now will be played. Any point you make is already null, especially if it is intelligently presented. James_Cole has entered the twi......
Also don't forget DULL and HPQ in the mix.
DELL puts out the worst product in the market. I can't stand DELL computers. Cheap garbage..
Put together your own barebones PC, it ain't hard!
I do custom-made PCs it you're interested...
Amen. As a "Computer Guy" I dispense valuable advice to everyone that cares to listen:
Don't touch a HP, DELL, or COMPAQ with a stick
What pisses me off is that inside, it's the same chinese made parts, its just the manufacturers here want to
leech every dollar they can on an already overburdened populace on upgrade/repair/support and deliberately install insufficient heatsinks, fans that break every 3 months, etc. etc.
That's what "buy american" gets ya nowadays, pieces of shit!
...and Xerox, Polaroid,and Kodak along with many others were once referred to as "One decision stocks" by Wall Street, meaning one bought them and never sold.....
Funny, IBM does most of the write off! Selling assets and writing off work force! How long before they have nothing left to sell or employees to grind to dust.
So this just means the short covering rally will be that much more of a slaughter?
Don't know why earnings have any place in the determination of stock price any more. Just short interest.
Yeah "Cloud" computing anyone? Any takers? Anyone???
Whether it's Amazon or IBM courtesy of the revelations out of NSA these past 5 months plan on seeing our international business partners in that niche continue it's long deep slide down the tubes.
Sisyphus will get his boulder to the top before Cisco, IBM and Amazon sell the "Cloud".
Cloud is just a different veneer to the old server-side paradigm that was around in the 1980's before the PC revolution.
Oracle, IBM, salesforce, Amazon are all living off gov. largesse. private sector cloud penetration is less than 40% to date. One of the worst performing 'new tech's since mk1 laptops (the suitcases not the "notebooks' when LIO's batteries came out).
Go ask Kodiak or Nortel what patents are worth. Spoilers: Bundled portflios go for 40 cps to the dollar due to patent trolls and outdated ideas.Half of what is IBM is a state secret anyways, so good luck finding deeper pockets willing to take their shaping or cryptologic patents off them.
Their server system is dead-money and US Gov. banned them from selling the system to Lenovo for security. Same as Cisco and Blackberry. So thus the greater-fool of tech is dead. Same as Gold equities, without a Barrick to backstop your multiples, mines at 1500/oz. are dead money. B2B like Oracle is a perk for bullish times. Nobody will pay consultants to restructure your back-end network in a world of collapsing margins and revenue volumes.
Bar is so damn low on HP, it is going to be really really hard for them to fuck this up. Of course, the same could be said about Sony, so who knows. Maybe they will get into 3d printing to bundle with their photo-scanners everybody gets their grandmothers each year for Xmas.
I don't know what you said..., but it sure sounds sensible.
hardware is a fraction of IBM's total annual report. services and software are by far and away the most important.
"Cloud is just a different veneer to the old server-side paradigm that was around in the 1980's before the PC revolution."
Now you're talking me back! Watching DEC eat IBM's AS400 plaform for lunch in the late 80s was quite entertaining.
Now we've got tablets that could do more than either of those old dinosaurs. And what do we use them for? As a thin-client to access web pages with the data and programming housed somewhere else.
Good times. Good times.
I remember reading in the mid eighties a book about IBM <i>And Tomorrow The World</i> about how the sinister suits of that company would control the whole world within a decade.
Technology forecasting is hazardous.
I remember in the early 90's when IBM stock touched 10 bux too...
Now it's in a modest correction (relatively speaking) and is still at 179 and everyone thinks they are dead.
How's Catapiller doing?
At least all of those companies released their negative pre-announcements early enough for the analysts to edge expectations down to the right level.
Negative to expectations ratio = the new Winners of the New World in Bernanke-ified post-apocalyptic wasteland of "investing."
Everybody wins..., bullish!
And then they beat me.
Bullish!
You beat me to it... dayum you!
Don't sweat it - K Hen got yo back.
Hopefully one day we can refer to him as K-FED, for the Federal prison institution he's being kept in.
I was worried until i saw these charts were referring to earnings....which absolutely do not matter.
agreed. wake me when the untapering occurs. *yawn*
Keynesian BULL!!!
This time it really is different. :)
That's right.
Abby Normal.
Tip of the day: No it's not! ;o)
This time it really is different.
But the outcome is not!
Well, I got a stomach ache this time.
The word is cow
Cow, cee oh w eieio
It is really different this time, but not so much in 2013Q4, but in 2014Q1. That's when the sheep get the credit card bills for the holiday purchases PLUS the 0zer0care sticker shock turns into Wallet Shock as the $100-$200 higher per month premiums kick in, along with their double higher copays and deductibles. Watch consumer discretionary income vanish in 2014Q1 and later as they are faced with the new reality.... Annnnd it's Gone!
OT, but is Super-Kev' flirting with the NYU interns at the Coke machine right now? Market is red.
Surely you meant WAS red... before the 4 handle kick save into the close...
Looks like we need more free shit to keep this game alive.
The new subprime loan magnet: Your carhttp://finance.fortune.cnn.com/2013/11/25/subprime-loan-magnet-cars/?iid...
More QE. Yellen sees no bubbles. BFATHMOFOS
http://finance.fortune.cnn.com/2013/11/25/subprime-loan-magnet-cars/?iid...
Yea, but this is 21st century...and if everyone says it can't be good then that really means it is good.
Maybe someone's getting smart:
1."Predict" poor results / reduced profits (below internal expectations).
2. "Actual" results (massaged or otherwise) exceed excessively pessimistic (massaged downward) "predictions",
3. "Better than expected" profits = excellent justification for big Boardroom salary raising / extra-generous "Performance Benefits".
Just another scheme in the World of "Trickle-up" economics.
Bullish - odds for no taper over 90%
New acronym for next year: FBFY. One Bitcoin for correct guesses.
Foolish BernankeFoolishYellen
Fuk'n Buy (you) Fearless Yids?
FreeBitcoinForYou?
15TrtbtTfD4s546KMGDyrzahaDMDqr9uRP
Less is more......
If nobody acts like they've seen it... this market could still rally...
Melting upwards.
finally first time in 20 years that anemic lisping cum-gobbler Maria B didn't come on at 3pm to tell us "we're in the final Shhtretch"
Time to ramp up the POMO from $85B to $120B/mth!
What's a negative preannouncement? Earnings? WTF is that about? I just buy stawks and watch the little green numbers go up whenever Bernanke talks or types extra zeros on his excel spreadsheet.
sure it can...c'mon...turn that frown/chart upside down! There, see...all better now.
That next dip will be the one to use all that "dry powder" on.
Everybody's got lots of that "dry powder" for that big dip, right?
that looks like a big up day for the DOW......keep in mind we live in opposite world where bad is good, weakness is strength and paying your bills and being honest is a fools game.
Why did I get a Domino's Pizza ad on this site in Spanish? At least I could read & understand it.
My arrival to the ZH page showed an advertisement for Lexmark printer cartridge refills - and I actually am due to get refills, however, my printer has not been used today. How strange is that? I am telling you, evil is afoot. The thousands of cars in the parking lot of the spying apparatus are hard at work, watching us doing absolutely nothing.
the should go back to making type writers after all this nsa stuff, ive read they are all the rage in russia
That reminded me of the SNL act from about 20 years ago where Michael Myers plays the supervisor in a warehouse where they typed the sayings and 'lucky numbers' onto fortune cookies. It's a great skit. He's got dozens of workers first trying to get the fortune cookie paper into their typewriter, then he abuses them for their choice of lucky numbers and sayings. It's funny stuff.
Still got my old Brother 100 portable (bought in 1970 at Boots Piccadilly branch, London.)
Still works fine, but ribbons are a different problem entirely. Just no longer easily available (even via the old faithful source - EBay)
Its too bad the outcome SUCKS .....
Earnings don't matter until that fucking cunt Yellen shuts off the printer.
T bones, 14.99 a lb. 5.99 a lb two years ago. There, no inflation, nothing to see here,, move along
Consumer Price Index no longer measures the price change of constant individual goods, instead, we have measurements of prices of substitutes. This artificially brings the inflation rate down since instead of measuring the price of increase on steak, the government could say that consumers could buy ground beef instead. If the method was extrapolated back 100 years, the inflation adjusted price of your car wouldn't include the increase cost of the starter motor replacing the hand crank nor the transmission replacing the direct drive to the wheels.
It's called 'hedonic adjustment'. (sign in required)
http://www.quora.com/Consumer-Price-Index/How-is-hedonic-adjustment-used...
Meh. S&P will still go up.