IBM as a company barely makes sense at all at this point. They are a very large and a former tech company that mostly coasts along on doing expensive consulting projects around me-too clones of things that other people have invented just so they can still pretend to be a tech company. So you can do things with AI, cloud, and databases with them. But they aren't really leaders in any of that for a long time. And havin…
I started my career at IBM in the 1980s. My dad worked there before me.
It's impossible to convey how much hubris existed in the company then, at the peak of the "No-one ever got fired for buying IBM" days. IBM was a god.
The company had never laid off a single employee. The talk was that the R&D divisions had multiple generations of innovative tech up their sleeves and if any competitor ever got close, well they'd just pop something out like from a vending machine to kick their ass. I believed it.
It became obvious when the company started losing the PC market that things weren't actually that rosey at all, and there were serious issues.
Later it became obvious that the company was turning into a consulting company instead of a technology company and the glory days were well over.
Nothing's changed since then. Things have only gone from bad from worse for IBM.
My point - nothing really but disagreement with this observation.
IBM still makes sense, as a dying beast but with customers that can still be milked. As long as those customers can be mikled, IBM will continue to make sense.