IBM has never admitted that it has been trying to sell its System x and BladeCenter server business to Chinese PC and system maker Lenovo, which also took its venerable and usually unprofitable PC business over at the end of 2004. But in a conference call with Wall Street analysts going over Big Blue's second quarter financial …
"The bottom line of real net income and real earnings per share is what really counts"
And here I thought that we lived in th 21st century and the confidence of investors was what really counts. Economics 1-01, that is soooo last century, gotta go with the times, man!
Re: "The bottom line of real net income and real earnings per share is what really counts"
So true. And after that people are still wondering why we have financial crisis over another.
In this case, we could even say that IBM is using layoffs to achieve shareholders objectives, what a way to prepare the future of a company...
Road Kill 2015
So, if I read this right (and not just from this El Reg article), once you filter the corporate BS, IBM only improved its results by layoffs and stock buybacks, yes? Isn't that's what's usually called "selling the family silver"?
AC, because I'm one of the road kill. Bitter? Moi?!
First, second, third
"Loughridge also said that IBM was looking to sell off other businesses"
GTS, GBS? say it aint so
Running out of stuff to sell
- Gotta keep that share price up...
- Updated Microsoft Azure goes TITSUP (Total Inability To Support Usual Performance)
- The Return of BSOD: Does ANYONE trust Microsoft patches?
- Review Apple takes blade to 13-inch MacBook Pro with Retina display
- Munich considers dumping Linux for ... GULP ... Windows!
- Pic iPhone 6 flip tip slips in Aussie's clip: Apple's 'reversible USB' leaks