Nice[Smile]_老虎社区_美港股上老虎

2021-07-22

Nice[Smile]

Still Living in the Past, IBM Remains Behind the Tech Ball

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":172220717,"tweetId":"172220717","gmtCreate":1626963127439,"gmtModify":1633769323601,"author":{"id":4087953198586960,"idStr":"4087953198586960","authorId":4087953198586960,"authorIdStr":"4087953198586960","name":"Smart74","avatar":"https://static.tigerbbs.com/03a3700aaa7249889bedd5bd5e73f9ae","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":9,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Nice[Smile]&nbsp;</body></html>","htmlText":"<html><head></head><body>Nice[Smile]&nbsp;</body></html>","text":"Nice[Smile]","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/172220717","repostId":1175975559,"repostType":4,"repost":{"id":"1175975559","pubTimestamp":1626958493,"share":"https://www.laohu8.com/m/news/1175975559?lang=&edition=full","pubTime":"2021-07-22 20:54","market":"us","language":"en","title":"Still Living in the Past, IBM Remains Behind the Tech Ball","url":"https://stock-news.laohu8.com/highlight/detail?id=1175975559","media":"InvestorPlace","summary":"IBM hasn't had any wins in a quarter century -- and it's not about to start. Here's what's behind IB","content":"<blockquote>\n <a href=\"https://laohu8.com/S/IBM\">IBM</a> hasn't had any wins in a quarter century -- and it's not about to start. Here's what's behind IBM stock.\n</blockquote>\nTo make a comparison to football,&nbsp;<a href=\"https://laohu8.com/S/IBM\">IBM</a> is the Dallas Cowboys of technology. How do I mean? Well, both IBM and the Cowboys are overrated. They haven’t won a title in a quarter century and they’re not going to do it this year. Their system is stale, yet somehow they still have fans. All around, IBM stock represents a disappointment.\n<img src=\"https://static.tigerbbs.com/23c40f297776e475ef48e891e3c26f52\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: shutterstock.com/LCV\nBasically, both the Cowboys and IBM are living in the past. The Cowboys revere football icon Tom Landry while actually being run by Jerry Jones. Similarly, IBM still reveres its 20th century leaders while still feeling the effects of former CEO and current executive chairmanVirginia Rometty.\nThis much became clear when Jim Whitehurst, who brought IBM a new cachet with <a href=\"https://laohu8.com/S/RHT\">Red Hat</a> in 2019,announced his departure. Rometty and the IBM bureaucracy outmaneuvered him, installing Arvind Krishna as CEO. Now, the company is still behind the ball.\nIBM Stock: Rometty’s Bad Plays\nRometty — who became CEO in 2012 after a career in marketing — compiled <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the worst executive records of the last decade in my opinion.\nFor starters, like Randall Stephenson ofAT&amp;T(NYSE:T), she prioritized the dividend and missed the cloud — a trillion-dollar opportunity. Additionally, like Jeff Immelt of<a href=\"https://laohu8.com/S/BGC\">General</a> Electric(NYSE:GE), she covered up poor performance with happy talk and buybacks. Then finally, like Brian Krzanich of<a href=\"https://laohu8.com/S/INTC\">Intel</a>(NASDAQ:INTC), Rometty ran off talent until the cupboard was bare.\nWhen I was young, IBM dominated technology just like the Cowboys dominated football. They literallymade<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>(NASDAQ:MSFT) and used it to crush<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(NASDAQ:AAPL) in PCs. Their style was to bring in suits who assured clients they could handle all of their computing. Their Jimmy Johnson (another football icon) was Lou Gerstner, who made IBM a consulting company. Gerstner even wrote a book about it calledWho Says Elephants Can’t Dance.\nWhitehurst also has a book,The Open Organization, which describes how successful companies today must be run from the bottom-up as much as the top-down. Tech companies must also be partners with their customers, Whitehurst notes, not their overlords. The book was a direct challenge to the way IBM does business.\nWhen the companybought Red Hat, I was ready to buy IBM stock, thinking it would mark a transformation. However, Rometty and others have shown that’s not happening.\nWhy IBM Looks Good\nOf course, IBM stock still looks good right now because everything in tech looks good. Today, shares are up 12% year-to-date (YTD) and have paid out $3.27 per share in dividends. Thesecond-quarter earningslooked good as well. Now, investors are hoping that, byspinning offits services business as Kyndryl,&nbsp; IBM can be great again.\nBut that’s not going to happen. Kyndryl has signed an expensive leaseatop One Vanderbilt. It’s a sales office, meant to over-awe clients with its power. That’s the IBM way. But Kyndryl is just an outsourcer likeCognizant(NASDAQ:CTSH), which has also gone nowhere this year.\nAnd the rest of IBM? It will be a minnow among giants.<a href=\"https://laohu8.com/S/DVMT\">Dell</a>&nbsp;(NYSE:DELL), which is similar to the company and owns most ofVMWare(NYSE:VMW), is up 31% YTD. Likewise,<a href=\"https://laohu8.com/S/ORCL\">Oracle</a>(NYSE:ORCL) — the faux cloud company that Silicon Valley loves to hate — is up 39% YTD.\nOf course, the “hybrid cloud” is agreat idea,but IBM can’t execute on it. After all, Dak Prescott is also a good quarterback, but that doesn’t mean he can carry the team.\nThe Bottom Line on IBM Stock\nIf one word can be used to describe IBM today,it’s Watson.\nWatson was named for the company’s legendary CEOs, Tom Watson Sr. — who created IBM —&nbsp; and Tom Watson Jr., who made IBM a computer company. It was supposed to become a dominant artificial intelligence (AI) engine.\nIn the end, though, Watson was justApache Hadoopwith a fancy front-end. Hadoop was an interesting idea, but a business failure.\nWhen it comes down to it, IBM needs to be recycled, like its old upstate <a href=\"https://laohu8.com/S/NWY\">New York</a> manufacturing plantsneed to be recycled. My guess is that it will be, after the company has flailed a bit as this latest incarnation. Its cloud will become a real estate investment trust (REIT) like<a href=\"https://laohu8.com/S/EQIX\">Equinix</a>(NASDAQ:EQIX) and Red Hat will be spun out on its own. Retirement liabilities will be made to disappear.\nBut IBM won’t be taken out for nearly the $126 billion it’s worth today. That’s because, in my opinion, Virginia Rometty has become the Jerry Jones of technology. She’ll win eight games and lose eight games, then call it a success. Consider that before investing in IBM stock.","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Still Living in the Past, IBM Remains Behind the Tech Ball</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStill Living in the Past, IBM Remains Behind the Tech Ball\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 20:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/ibm-stock-still-living-in-past-ibm-remains-behind-the-tech-ball/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nIBM hasn't had any wins in a quarter century -- and it's not about to start. Here's what's behind IBM stock.\n\nTo make a comparison to football, IBM is the Dallas Cowboys of technology. How do I mean? ...\n\n<a href=\"https://investorplace.com/2021/07/ibm-stock-still-living-in-past-ibm-remains-behind-the-tech-ball/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"source_url":"https://investorplace.com/2021/07/ibm-stock-still-living-in-past-ibm-remains-behind-the-tech-ball/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175975559","content_text":"IBM hasn't had any wins in a quarter century -- and it's not about to start. Here's what's behind IBM stock.\n\nTo make a comparison to football, IBM is the Dallas Cowboys of technology. How do I mean? Well, both IBM and the Cowboys are overrated. They haven’t won a title in a quarter century and they’re not going to do it this year. Their system is stale, yet somehow they still have fans. All around, IBM stock represents a disappointment.\nSource: shutterstock.com/LCV\nBasically, both the Cowboys and IBM are living in the past. The Cowboys revere football icon Tom Landry while actually being run by Jerry Jones. Similarly, IBM still reveres its 20th century leaders while still feeling the effects of former CEO and current executive chairmanVirginia Rometty.\nThis much became clear when Jim Whitehurst, who brought IBM a new cachet with Red Hat in 2019,announced his departure. Rometty and the IBM bureaucracy outmaneuvered him, installing Arvind Krishna as CEO. Now, the company is still behind the ball.\nIBM Stock: Rometty’s Bad Plays\nRometty — who became CEO in 2012 after a career in marketing — compiled one of the worst executive records of the last decade in my opinion.\nFor starters, like Randall Stephenson ofAT&T(NYSE:T), she prioritized the dividend and missed the cloud — a trillion-dollar opportunity. Additionally, like Jeff Immelt ofGeneral Electric(NYSE:GE), she covered up poor performance with happy talk and buybacks. Then finally, like Brian Krzanich ofIntel(NASDAQ:INTC), Rometty ran off talent until the cupboard was bare.\nWhen I was young, IBM dominated technology just like the Cowboys dominated football. They literallymadeMicrosoft(NASDAQ:MSFT) and used it to crushApple(NASDAQ:AAPL) in PCs. Their style was to bring in suits who assured clients they could handle all of their computing. Their Jimmy Johnson (another football icon) was Lou Gerstner, who made IBM a consulting company. Gerstner even wrote a book about it calledWho Says Elephants Can’t Dance.\nWhitehurst also has a book,The Open Organization, which describes how successful companies today must be run from the bottom-up as much as the top-down. Tech companies must also be partners with their customers, Whitehurst notes, not their overlords. The book was a direct challenge to the way IBM does business.\nWhen the companybought Red Hat, I was ready to buy IBM stock, thinking it would mark a transformation. However, Rometty and others have shown that’s not happening.\nWhy IBM Looks Good\nOf course, IBM stock still looks good right now because everything in tech looks good. Today, shares are up 12% year-to-date (YTD) and have paid out $3.27 per share in dividends. Thesecond-quarter earningslooked good as well. Now, investors are hoping that, byspinning offits services business as Kyndryl,  IBM can be great again.\nBut that’s not going to happen. Kyndryl has signed an expensive leaseatop One Vanderbilt. It’s a sales office, meant to over-awe clients with its power. That’s the IBM way. But Kyndryl is just an outsourcer likeCognizant(NASDAQ:CTSH), which has also gone nowhere this year.\nAnd the rest of IBM? It will be a minnow among giants.Dell (NYSE:DELL), which is similar to the company and owns most ofVMWare(NYSE:VMW), is up 31% YTD. Likewise,Oracle(NYSE:ORCL) — the faux cloud company that Silicon Valley loves to hate — is up 39% YTD.\nOf course, the “hybrid cloud” is agreat idea,but IBM can’t execute on it. After all, Dak Prescott is also a good quarterback, but that doesn’t mean he can carry the team.\nThe Bottom Line on IBM Stock\nIf one word can be used to describe IBM today,it’s Watson.\nWatson was named for the company’s legendary CEOs, Tom Watson Sr. — who created IBM —  and Tom Watson Jr., who made IBM a computer company. It was supposed to become a dominant artificial intelligence (AI) engine.\nIn the end, though, Watson was justApache Hadoopwith a fancy front-end. Hadoop was an interesting idea, but a business failure.\nWhen it comes down to it, IBM needs to be recycled, like its old upstate New York manufacturing plantsneed to be recycled. My guess is that it will be, after the company has flailed a bit as this latest incarnation. Its cloud will become a real estate investment trust (REIT) likeEquinix(NASDAQ:EQIX) and Red Hat will be spun out on its own. Retirement liabilities will be made to disappear.\nBut IBM won’t be taken out for nearly the $126 billion it’s worth today. That’s because, in my opinion, Virginia Rometty has become the Jerry Jones of technology. She’ll win eight games and lose eight games, then call it a success. Consider that before investing in IBM stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/172220717"}