Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

IBM is on pace for its worst day ever

cnn.com

Post reply on HN
Print view View original

41–50 of 62 posts

Re: IBM is on pace for its worst day ever

#41

Post by rwmj »

antonyt wrote: post #9
rwmj wrote: post #7

Earlier quoted context omitted.

Great meaning bad?

Depends what happens next. RSUs are taxed as ordinary income at their market value at the time they vest, so it's not necessarily bad if the stock is down. In fact, the ideal scenario is that the price drops just before your vest and then bounces back up after.

In the UK you pay income tax on the initial price; then if you hold the shares before selling capital gains tax on any gains. However CGT is a much lower rate than income tax so I guess it could be a bit advantageous. But you have to factor that against the risk of holding a single company's shares (also the company you work for), against selling and buying into the whole market.

Re: IBM is on pace for its worst day ever

#42

Post by krona »

dzonga wrote: post #38

IBM could've been Palantir x100. they've the people, tech - only thing stopping them is myopic leadership.

That battle was fought in 2012-2015 and except for a few exceptions, IBM lost. The only real advantage IBM had was in mainframes with 1-10TB RAM. For example, customers who like doing database joins on a time-slice of countrywide telecoms data. Only a few customers have that use case, unsurprisingly.

Re: IBM is on pace for its worst day ever

#43

Post by GrinningFool »

thegrim33 wrote: post #40

Don't forget when it comes to things like this - if in this case IBM ever had an astoundingly good day, CNN would never write an article about it, and you'd never see it on HN. They choose the picture of reality to install in the reader's minds by selectively choosing what news to report on vs. what to ignore.

It's often interesting to see what the major US news orgs - right and left - are choosing to share with their readers. You see two completely different versions of reality.

Re: IBM is on pace for its worst day ever

#44

Post by unethical_ban »

criddell wrote: post #26
bix6 wrote: post #16

Earlier quoted context omitted.

If I read that as an IBM investor I might fully exit. The new product flopped, growth was 1%, and the CEO sounds extremely unconfident. There are way better places to put your money given the potential for future earnings now looks incredibly weak.

Where would you put your money? Everything in the US seems to have exposure to the AI bubble. Is Europe sitting out of the AI race? Maybe some euro etf?

I'd like to know the answer as well. VTWO tracking the Russell 2000? At least you know it's an ETF that doesn't contain the big AI players.

Re: IBM is on pace for its worst day ever

#45

Post by TacticalCoder »

People will argue that it's not dead yet but they're barely top 100 in the world, when they used to be... Number one.

Ouch.

Now, people are going to argue again but IBM, in its dying breath in 2000, did something really amazing: they committed one billion dollar to finance the development of that little known thing in the world called...

Linux.

Maybe Linux would have been immensely successful even without that one billion dollar investment from IBM but I cannot help but see that move in 2000 as the ultimate revenge move against Microsoft.

IBM knew it was falling into irrelevancy, Microsoft had 95%+ browsers market share and the future looked grim. Apple was in bad shape, smartphones didn't exist yet. It looked like Microsoft would conquer everything else.

Turns out: Microsoft (sadly) mostly kept the desktop but, thankfully, it's Linux that conquered just about everything (and OS X / MacOS / iOS quite a bit too).

So big thanks to IBM for that move.

You can think what you want but to me this what a move to prevent Microsoft from owning the entire software world.

Re: IBM is on pace for its worst day ever

#46

Post by bestouff »

GrinningFool wrote: post #43
thegrim33 wrote: post #40

Don't forget when it comes to things like this - if in this case IBM ever had an astoundingly good day, CNN would never write an article about it, and you'd never see it on HN. They choose the picture of reality to install in the reader's minds by selectively choosing what news to report on vs. what to ignore.

It's often interesting to see what the major US news orgs - right and left - are choosing to share with their readers. You see two completely different versions of reality.

Are there significant left-leaning major news orgs in the US (genuine question) ?

Re: IBM is on pace for its worst day ever

#47

Post by jleyank »

bestouff wrote: post #46
GrinningFool wrote: post #43

Earlier quoted context omitted.

It's often interesting to see what the major US news orgs - right and left - are choosing to share with their readers. You see two completely different versions of reality.

Are there significant left-leaning major news orgs in the US (genuine question) ?

Left-leaning and major? No. Considering the countries that the US is compared to, there's not really a centre-leading major news source, either.

Re: IBM is on pace for its worst day ever

#48

Post by Vaslo »

jleyank wrote: post #47
bestouff wrote: post #46

Earlier quoted context omitted.

Are there significant left-leaning major news orgs in the US (genuine question) ?

Left-leaning and major? No. Considering the countries that the US is compared to, there's not really a centre-leading major news source, either.

CNN is pretty far left and kind of major.

Re: IBM is on pace for its worst day ever

#49

Post by sunshine-o »

dzonga wrote: post #38

IBM could've been Palantir x100. they've the people, tech - only thing stopping them is myopic leadership.

I remember they were pushing the AI narrative all along the 2010s on their front page. 10 years ahead of everybody.

We looked into it at the time there was nothing interesting.

Outside of the mainframe, power business, some research and cool things they bought like Redhat and Hashicorp, IBM is an horrible company. They are the incarnation of the cold, stupid corporation, the buzzword soup and the sales to entrap you in an expensive unending nightmare.

I heard they had a lot of really good people but my guess is most of them left.

Re: IBM is on pace for its worst day ever

#50

Post by wenc »

trollbridge wrote: post #25
MangoCoffee wrote: post #14

its ironic that IBM sold off its x86 pc/server to Lenovo and kept their big iron (mainframe) but now everyone is buying up pc/server due to AI boom. Dell's stock have been surging with the rest of AI stocks

Pretty sad that the company that invented DRAM completely divested itself of actually making any, now that it’s wildly profitable.

History shows that DRAM is a brutally cyclical business with boom and bust cycles. It's also heavily capital intensive. You build an expensive fab now, and then demand plummets and you're stuck selling at near cost while carrying enormous fixed assets.

IBM is already not the best at making strategic calls. I can't imagine them being saddled with DRAM business with its repeated busts.

There is graveyard of DRAM companies that never made it.

Post reply on HN