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tloganenterprises@gmail.com

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  • Are IBM's Earnings Really Low Quality? [View article]
    I think you presented a valid case - and made it very understandable. The problem I cannot get past when looking at the stock long is that financial game is basically the entire source of EPS increasing. I do not see how a technology company in today's world can continue this strategy in the long term. Hundreds of thousands of talented employees have been permanently laid off, management cannot even pay people to take the semiconductor unit, and IBM is failing in new areas such as the cloud, Watson, and so on. I do not see where the expectation for a great 2015 comes from. I do not see any real growth - and increasing the cloud revenue (or any sector) by a large percentage will not really count until the base is a decent number. Doubling sales year to year is trivial if the base year is $100 in revenue.
    Aug 11 07:00 PM | 2 Likes Like |Link to Comment
  • Why The Arguments Against IBM Are Misleading [View article]
    The yearly patent count is a game. They could easily double the current count - it is just a matter of patenting as many things as you want in the way of new ideas. New ideas do not translate to good ideas or money making ideas. A large number of the patents are trivial, meaningless ones with no value. The patent game is just another part of the EPS smokescreen. Yes - they also have good patents - but for a company that size they should. Do not equate the yearly patent count with anything to do with stock price - there is no relationship.
    Aug 6 08:50 AM | 2 Likes Like |Link to Comment
  • Why The Arguments Against IBM Are Misleading [View article]
    Yes hardware is not the place to be - and it is a good move to sell that off. That is not great management - any chimp reading the numbers could arrive at that conclusion. Yes - getting into the cloud and deeper into software is the right direction - another chimp could conclude that also. They are playing the EPS game at any cost - even publicized the idiotic plan and the debt curve displays the cost of this game. The piece that will fail in all of this is the execution. Just because they say they are moving into the cloud does not mean it will succeed. In fact all indicators point to failure. Moral is low, innovation is nonexistent, and the bureaucracy is much to big to accommodate the speed of change required to stay ahead of the curve (and they are currently way behind the curve). So, the strategy to move into higher profit sectors is great - it is the execution of that strategy that will fail - and the stock price will follow the downward spiral.
    Aug 5 05:19 PM | 3 Likes Like |Link to Comment
  • The Truth About IBM No One Comes Out To Say [View article]
    As a retired employee with 30 years service - I can tell you that IBM has already taken the fatal bullet. It is just too big to die quickly and a little flopping on the ground is normal when a beast this size dies. The stock buybacks are funded with borrowed money and by selling assets - PC's, servers, chips, ...). Employees are considered liabilities and treated as such. Moral is low, motivation is gone, and rewards are ancient history. Give me a company the size of IBM and I can handle managing it if there is no requirement other than financials. Just borrow and buy back stock - sell assets and buy back stock. This can be done for maybe a decade or so - and then the music stops.
    Jul 4 11:27 PM | 4 Likes Like |Link to Comment
  • JPMorgan Chase: 5 Reasons To Consider Buying Over Bank Of America [View article]
    When I hear the word 'bank' - I think of a savings/lending institution on the corner of town where people have a checking/savings account. BAC fits right into that description. JPM - I have no idea what they do as a bank - but sure don't see anything. So, put me in the average person group - JPM is a total unknown. I think most people, including myself, see JPM as simply a Wall Street player - not a bank
    Mar 11 11:17 AM | Likes Like |Link to Comment
  • IBM to spend $1.2B on ramping up cloud offerings [View news story]
    I do not understand why you send email bulletins out about IBM - and all them are favorable. I think the general consensus is grim - but all your articles make it sound like they are on the verge of finding gold. As a retired employee - I see the real IBM
    Jan 17 09:28 AM | 1 Like Like |Link to Comment
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