Ibexx,>>>Investors - myself included - didn't just luck out; rather,
we saw it coming that IBM was no longer just a mainframe company - its software and service sectors were growing more rapidly than most investors realized. <<<
I am more than humbled. I'm Jealous I missed out. However, I still don't get it.
First you get out of the disk drive business, then you get back in. You have the biggest R&D budget in the world, yet you outsource DOS for PC's development to some school dropout. You have to go out and buy Lotus Notes software and Sequent hardware, because you can't figure it out yourself.
You sell your global telecommunications network (to AT&T) and then you plan on building gigantic server farms. Who is going to do your communications? AT&T?
Your top line revenue is growing because you are selling tons (literally) of legacy mainframe and mid range computers. Who is buying all those AS400s? What are those things?
Yes, the service sector is growing. But is anyone buying (stock in) Arthur Andersen, Perot Systems, McKinsey and Company , KPGM, et al.
Yes, the service sector is growing, but for somethings I'll bet that Harry and Tony can provide the same services, if not better (without the high cost structure) than IBM.
All you would need is an Ebm like an Ebay for ex IBM'ers where they can put their services out to bid and IBM services will be history.
Yeah, I'm more than just a little bit jealous <gggg>.
Mary |
