IBM Message Board - Msg: 31862786

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Technology Stocks : IBM

IBM 307.41

-0.9%

Oct 31 9:30 AM EDT

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To: Glenn Petersen who wrote (8189)	10/31/2018 1:45:04 PM
From: TigerPaw	of 8218

IBM had a good Unix offering with it's Power Systems division and AIX. Ginni chose to cut off all investment in that technology in order to buy back stock at the highest of prices. Now AIX is just a caretaker group fixing requests for the few, mostly government, customers they have left. No resources to connect AIX to their cloud, or AI, or anything else they think is important to the future. Instead they pay top dollar for the same technology they could have had in house. Rometty told CNBC that the deal should not be interpreted as part of any plan for her to transition out of her position as CEO at IBM. Now that's a scary Halloween message.

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