IBM盘后居然涨了？

ByStander

它的ＲＥＶＥＮＵＥ可是降了１３％，靠ＣＯＳＴ　ＣＵＴ能持久吗？最后把大家都开掉，剩ＣＥＯ一个人坐收ＬＩＣＥＮＳＥ　ＦＥＥ来ＢＥＡＴ？

soulvirus

别晕，这样的股票太多了。那个生产煤的mee，q1亏损了，后来宣布大幅降低工人工资，以此产生利润。结果gs upgraded， 大涨翻3翻

ByStander

别晕，这样的股票太多了。那个生产煤的mee，q1亏损了，后来宣布大幅降低工人工资，以此产生利润。结果gs upgraded， 大涨翻3翻
soulvirus 发表于 2009-7-16 16:35

应该给这帮分析师好好办办学习班，集中学习什么叫以人为本

soulvirus

应该给这帮分析师好好办办学习班，集中学习什么叫以人为本
ByStander 发表于 2009-7-16 16:41

Stein

要多大的本才能炒IBM, 不会是几百刀的目标吧。

ByStander

要多大的本才能炒IBM, 不会是几百刀的目标吧。
Stein 发表于 2009-7-16 17:18

No idea. 我从来不碰ＩＢＭ．看它是因为今天ＥＲ．我没在ＩＢＭ干过，不过跟它们打过交道．个人对它感觉不是很好．

Stein

IBM现在是服务业，IT support.

今天好像看到服务业 support 统计指标有回升。

A respectful company? not really. But I like Thinkpad.

ROOKIE2

no comments

windmaple

18摸 sucks

polopolo

IBM is not the IBM of the old days. The only major money maker is their mainframe and related services. Not a very interesting company.

ychen222

IBM is not the IBM of the old days. The only major money maker is their mainframe and related services. Not a very interesting company.
polopolo 发表于 2009-7-17 13:48

Right now the software and service are juicy business for IBM. The hardware is shrinking.

Following is the message I got:
"As always, some parts of our business did not perform as well.  Although margins continued to improve in Global Business Services, revenues were disappointing, down 15 percent, 9 percent at constant currency.  And our Systems and Technology performance reflected the challenges that hardware-based businesses are facing today.  Revenues in the segment were down 26 percent, 22 percent at constant currency. "

polopolo

11# ychen222

Hardware shrinking? Not if you understand IBM's business model.

If you take a look at IBM's software portfolio, you will be amazed

1. How many software they have
2. How many of them are mainframe only

Yeah, mainframe software used to be free in the 70s, now it costs millions of dollars a year. Mainframe used to cost tens of millions, now still tens of millions. Of course, looking at the numbers, you say hardware is not growing or shrinking, but can you sell mainframe software and service (i.e. almost every biggest company in the world) without selling mainframe hardware?

ychen222

11# ychen222

Hardware shrinking? Not if you understand IBM's business model.

If you take a look at IBM's software portfolio, you will be amazed

1. How many software they have
2. How many ...
polopolo 发表于 2009-7-17 13:59

You mentioned "mainframe software". Then it could be counted as software revene. I am not familar with that.
As far as i know, IBM made some big acquisitions,  such as Cognos, Telelogic and ILOG, which are the big force of the growth.

polopolo

13# ychen222

Of course, mainframe software counts as software. But these software simply won't sell without mainframe. It is typical that 80% of TCO is related to software and service. Actually, I will contend that if you cannot afford mainframe, you are not very much a worthy customer for IBM.

polopolo

My point is, mainframe software used to be part of "mainframe business" (Do you really think they costs nothing therefore IBM could give them out for free in the 70s?) Now it is part of the software business. Accounting game IMHO.

ychen222

I just read the IBM report again:

"Revenues from the Software segment were $5.2 billion, a decrease of 7 percent (flat, adjusting for currency) compared with the second quarter of 2008. Revenues from IBM's key middleware products, which include WebSphere, Information Management, Tivoli, Lotus and Rational products, were $3.0 billion, a decrease of 2 percent (up 5 percent, adjusting for currency) versus the second quarter of 2008. Operating systems revenues of $529 million decreased 11 percent (4 percent, adjusting for currency) compared with the prior-year quarter.

Revenues from the WebSphere family of software products, which facilitate customers' ability to manage a wide variety of business processes using open standards to interconnect applications, data and operating systems, increased 8 percent year over year. Revenues from Information Management software, which enables clients to leverage information on demand, decreased 4 percent. Revenues from Tivoli software, infrastructure software that enables clients to centrally manage networks including security and storage capability, decreased 2 percent, and revenues from Lotus software, which allows collaborating and messaging by clients in real-time communication and knowledge management, decreased 14 percent. Revenues from Rational software, integrated tools to improve the processes of software development, decreased 2 percent."

I am still not very clear which one(WebSphere, Information Management, Tivoli, Lotus and Rational) is mainframe software.

Stein

Even mainframe（大型机) software is not so attractive as before. Since the "millennium bug" was over, there is not so many software exclusively developed for IBM mainframe, their AIX OS is almost dying also because of LINUX system.

Hardware and software from IBM, I think, would not contribute more than their maintenance and support.  Many big company choose IBM as Global IT service. which they also out source to COSTA RICA， latin america, India etc.

Would be better to have a close look at their business sectors/portfolio.

fzfz

它的ＲＥＶＥＮＵＥ可是降了１３％，靠ＣＯＳＴ　ＣＵＴ能持久吗？最后把大家都开掉，剩ＣＥＯ一个人坐收ＬＩＣＥＮＳＥ　ＦＥＥ来ＢＥＡＴ？
ByStander 发表于 2009-7-16 16:32

MM要你相信，你就得糊涂一下。