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IBM's Rometty: We missed our targets

  • IBM (IBM) CEO Ginni Rometty tells it like it is, acknowledging in a letter to investors that the company "did not meet our expectations."
  • IBM will continue to alter its focus to cloud services and data analytics while modifying its hardware products. "While we continue to remix to higher value, we must also address those parts of the business that are holding us back," said Rometty.
  • Declining demand for hardware and soft sales in growth markets have hit revenue for almost two years, prompting IBM to offload assets and reduce staff.
Comments (5)
  • BAHAMAS1
    , contributor
    Comments (2629) | Send Message
     
    Thin to WIN.
    10 Mar 2014, 09:21 AM Reply Like
  • L4V
    , contributor
    Comments (4) | Send Message
     
    I suggest IBM cease stock options to all IBM high level and lower level executives who do not meet their revenue quotas. All IBM board members should also have their compensation reduced each quarter when IBM does not meet their quarterly revenue and/or earnings projections.

     

    I am a retired IBM employee who owns 10,000 IBM shares. I purchased IBM shares over the years from my IBM salary, my savings and by reinvesting my IBM dividends to buy more IBM shares.

     

    During the past ten years only a few IBM Executives purchased IBM shares which were not tied to stock options. The same holds true for IBM Board Members. I believe the only IBM Board Member who ever purchased IBM shares with his own money was the former CEO, President and Chairman of the Board of Mobil Oil Company.

     

    Shame on all IBM executives and IBM Board Members who over the years reduced the Health and Retirement Benefits of IBM Retired Employees in order to meet IBM quarterly earnings projections.
    11 Mar 2014, 09:09 AM Reply Like
  • BAHAMAS1
    , contributor
    Comments (2629) | Send Message
     
    10,000 shares = $38,000/yr dividends this year.
    If in a Roth=tax free= NOT BAD !

     

    Going up to possibly $42,000 this year.== NOT BAD ,AGAIN.
    11 Mar 2014, 12:17 PM Reply Like
  • Tradevestor
    , contributor
    Comments (4104) | Send Message
     
    This and a few more reasons why long term investors might want to buy http://seekingalpha.co...
    11 Mar 2014, 12:47 PM Reply Like
  • WilliamJoseph
    , contributor
    Comment (1) | Send Message
     
    Years ago Lucent Technologies decided they needed to concentrate on their faster growing divisions and spin off the slower growing groups. They created Avaya. Then guess what happened? Lucent tanked (with their faster growing assets) and Avaya continued to "plug along" making good profits, but not spectacular profits and then Lucent was bought out by Alcatel. What do you suppose might happen to IBM with all their selloffs over the years?
    3 Apr 2014, 05:39 PM Reply Like
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