Re: Too early
honor not hour, stupid 10 min only edit period.
4173 posts • joined 7 Apr 2007
honor not hour, stupid 10 min only edit period.
Congrats guys. First article in awhile I won't read past the first comment thread. Usually it is an hour reserved for El Reg climate "science" articles.
But all these “shareholder friendly” maneuvers have been masking an ugly truth: IBM’s success in recent years has been tied more to financial engineering than actual performance.
That became readily apparent Monday morning when the company announced its earnings, missing analysts’ expectations by a wide margin. The stock fell more than 7 percent to $169.10 by the end of the day, below the average price Mr. Buffett paid since he started buying the stock in 2011.
The company’s revenue hasn’t grown in years. Indeed, IBM’s revenue is about the same as it was in 2008.
But all along, IBM has been buying up its own shares as if they were a hot item. Since 2000, IBM spent some $108 billion on its own shares, according to its most recent annual report. It also paid out $30 billion in dividends. To help finance this share-buying spree, IBM loaded up on debt.
While the company spent $138 billion on its shares and dividend payments, it spent just $59 billion on its own business through capital expenditures and $32 billion on acquisitions. (To be fair, Ms. Rometty has been following a goal set by her predecessor, Samuel J. Palmisano, to return $20 a share to stockholders by 2015. Ms. Rometty abandoned it only on Monday.)
All of which is to say that IBM has arguably been spending its money on the wrong things: shareholders, rather than building its own business.
Stock buybacks are the only thing that matters. Not growth, not profit, just artificially boosting shareholder value in the short to mid term.
Ten years of clueless IBM executive management.
Ever taken a look at the amount of malware comparing iOS to Android? Sometimes the walled-app garden isn't a bad choice as long as the consumer does have choice (ie. can use a non walled garden OS if they so choose).
What by whining and making his company look even more pathetic and desperate publicly?
>that apps be developed by some universal standard and all OEM's can access them and run them on their Operating System.
Like Java? We all know how great those apps are compared to native on most platforms.
Yes net neutrality is not about filtering based on packet types but more filtering in the same class based on the source or even destination of the packet. Even that is an oversimplification obviously.
Check out the dude's name. At least you know where he is coming from. Butthurtistan.
Is it a coincidence they are headquartered in a place named Waterloo?
Don't be so sure. They can already force you to provide bodily fluids (blood, etc) and or DNA via a court order so this may well stand.
Ya get acquired (Motorola mobility) and your management loses it focus (often as they look for new jobs) you lose you mean.
I glanced at that article linked too but does that US ruling at least require the cops have to get a warrant to make you provide your fingers (they did that case but it doesn't say if its required)? Common sense would say yes but we are dealing with the US justice system so probably not, or as usual only if you are white with money and good lawyers.
Hopefully not the kind of chutzpah where the UK intel services will be forging other countries passports to enter a third country to assassinate people. Careful with that copying thing. Can be a fine line.
Never watched that garbage myself but heard from people that laughed at Hostel you won't laugh at that movie. It's probably not a "movie" that part of Europe wants advertising it either. Yeah I think I'll stay in Western Europe thank you.
Keep getting post deleted but the most messed up movie ever made has Serbian in the title. I think its banned in the UK which might be why I can't post it.
Don't try this at home, EVER! Even the robots from MST 3000 cried in agony watching.
I guess one edge to some of the European readers is they probably have never heard of Larry the Cable Guy (voice of Mater in movie Cars) and his total garbage movies (think the Ernest movies but mean spirited and with a lot more toilet humor). I can't imagine anyone would waste time dubbing those pieces of shit into any other language.
>I'll be impressed if Microsoft and Intel can pull that off (but here and now I'm sceptical).
Why Intel the largest most advanced chipmaker in the world finally catching up to upstart ARM years later or Microsoft finally getting traction in a market post Gates? Intel biggest problem has been trying to make the ugly old dog x86 instruction set work in mobile and being motivated by the tiny margins in mobile chips to do so. They are being dragged in to make it happen. Microsoft well over half the company still seems to think its 1999.
Think he is implying that Secureboot with TPM will become required to run Windows at some point. Could be wrong though.
>that they couldn't install Office or play any games.
Ding ding give the man a prize. This is still one of the big reasons Microsoft unlike BB can afford to totally fail in the mobile space. Billions coming in regardless. The games though is become less of an edge with steam but it will be a while before Joe Punter understands this.
>Lack of Silverlight on RT showed the commitment
Kind of like the commitment MS showed silverlight itself huh?
That picture of CES 1980 for some reason reminds me of the first Oh, God! movie and John Denver rocking some of those era's suits.
Yes it never gets old seeing what must be high school jocks inserting some poor schlub's name repeatedly in Wikipedia entries.
>Ironically, if Nguyen weren’t currently being detained by Loudoun County Sheriff, he could use the major, generally reputable news sources in a citation to back that claim on Wikipedia.
Forgot to specify that I am not a phablet fan, a market which is almost single-handedly keeping Samsung afloat right now. The Note seems like decent kit if you are into two handed phone usage.
where was the journalism? Reworded PR "leak" is more like it.
>264ppi* was as good as your retina could make out.
Some optical astronomer nerd can give you more details but it depends on the size of the screen, your distance from it and the viewing angle from what I understand. 264 would be more than enough I think on say a 24" lcd monitor.
Good job sammy. Too bad you didn't have this ready when the iPhone 6 launched and when I was in the market for a phone. The iPhone 6 is busting records because seldom at launch has Sammy's lineup looked more pathetic in comparison. Thankfully the market will swing and hopefully the players keep each other innovating and competing.
>What an absolutely splendid idea. And perhaps they could put them all in a special section of The Register that only those with a Windows Phone account can log in to.
And the same 6 people that actually log in can become blood brothers in suffering. The world just doesn't understand.
> Microsoft’s goal is to cash in on services – bundling things like Office 365 for free for the first year and charged thereafter, when you forget to cancel.
So in other words the old MSN scam they pulled with Best Buy years ago. You think the class action settlement would still be fresh in their memory. I assume this time you have to actually give them your credit card info unlike the sales people volunteering it for you like before (not crying about Best Buy's slow death at all) so its a bit more above board. Still nothing like resorting to the free credit report business model.
>Hows that shareholder lawsuit for sheer M&A incompetence looking now Meg?
That lawsuit was the whole reason for HP's half ass defense of its complete lack of due diligence. Without it it wouldn't even have bothered.
HP's board is exhibit A of why in the US we need at least a few activist shareholders. Its just too bad the ones we have for the most part are as big of ass hats as HP's board.
>- I want them building my kernels, my braking systems and my parachutes.
Unless they are encouraging people to cut your brake lines like Linus (half jokingly and also said something about poison in their coffee if I remember) did to the ARM SoC developers.
>Want to guess why? ;-)
Cost of flight and the fact that our goat herding enemies aren't fielding many modern fighter aircraft?
We probably gave to them on purpose. Lets see if they can piss away a trillion on it like the US has still remain solvent. The starwars program even today is largely a pipe dream but sometimes you don't actually have to deliver an effective weapon system (which the F35 will never be) to bankrupt your enemy and win. Guess though when they are the ones lending the US the money that strategy may back fire.
expats in NZ like Kim Dotcom? Still lovely place I hear.
I think he was talking about all that tundra they have. Still modern climate change is one the greatest things to happen to Canada. If we hit the most dire of projections up to 1/3 of Canada might actually be inhabitable.
Zombie post but GTA ! always reminded me of Ghostbusters for the Atari home computers.
Comcast an entire company composed of nothing but BOFHs.
What could ever go wrong with government granting regional monopolies to a company with very little regulation? Make cable a common carrier (like often its only real competition the telecoms) and it solves most these problems very rapidly when better companies spring up to do things better and cheaper.
Could care less about CIOs because for the most part I could always tell the business students in my software classes (they would turn in programs that wouldn't even compile) but Hannibal Smith from the original A-Team was the coolest mofo on 1980s TV. And sorry hoff buddy but the car got top billing.
Don't a lot of enterprise IT shops already have software installed on each workstation to tell them what's on each computer? Think we do.
Microsoft are still amateurs at this game compared to Larry the Gangster Ellison and his virtual extortion racket.
>TBH, I read it as you did, that they'd screwed up the definition of an AU.
parsnip parsec what's the difference?
Wow Lusty you are something. You should see if you can get a job writing on Sinofsky's blog. They might even let you write the article trying to revise the history of why the APIs didn't converge before he was improperly shit canned. As I quote above Microsoft once again went me too trying to be like Apple and went out of their way to eliminate early general user feedback.