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Momintn

Momintn
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  • The Most Alarming Metric From IBM's Quarter [View article]
    You must have missed the mainframe and power hardware revenue in the earnings report. Revenues from z Systems mainframe server products increased 9 percent compared with the year-ago period (up 15 percent adjusting for currency). Revenues from power systems were up 5% adjusting for currency. They sold off the intel-based server product line. That is old news.
    Jul 21, 2015. 12:29 PM | 2 Likes Like |Link to Comment
  • The Most Alarming Metric From IBM's Quarter [View article]
    I bet they are having trouble finding companies to buy that are valued as cheaply as their own shares. They did buy 5 companies though in the first half.
    Jul 21, 2015. 12:24 PM | 1 Like Like |Link to Comment
  • The Most Alarming Metric From IBM's Quarter [View article]
    I think they are smarter than an author of a book that doesn't sell and has resorted to writing articles on Seekingalpha.
    Jul 21, 2015. 12:21 PM | 3 Likes Like |Link to Comment
  • The Most Alarming Metric From IBM's Quarter [View article]
    Earnings per share seem very stable over the past 3 years while the stock hasn't done anything. So does cash flow. With the wide moat, I don't see IBM ever losing money. The comparison with Blackberry shows your ignorance and weakens your argument.
    More block trades are buying IBM today than XLV (the healthcare etf).
    Jul 21, 2015. 11:59 AM | 1 Like Like |Link to Comment
  • The Most Alarming Metric From IBM's Quarter [View article]
    Block trades are buying IBM stock while the little guy sells. More money is going into IBM stock, buying on weakness.
    Jul 21, 2015. 10:19 AM | 7 Likes Like |Link to Comment
  • The Most Alarming Metric From IBM's Quarter [View article]
    You can read what some analysts from major banks think about the quarter here at the WSJ blog. I think we are close to the bottom and shorts aren't going to make much money from here.
    http://on.wsj.com/1Ibppti
    Jul 21, 2015. 10:13 AM | 5 Likes Like |Link to Comment
  • International Business Machines (IBM) Q2 2015 Results - Earnings Call Transcript [View article]
    It's currency. Read my post yesterday. That's what happens when you build a legacy business abroad and every country's currency goes down in value.
    The Russian Ruble has lost 42% of its value. The Brazilian Real around a loss of 30%. India that Schroeter mentioned as being better has only lost around 5%.
    And you may think that some other investment abroad not in US dollars is better, but keep in mind that as the currency declines, so does all your assets denominated in that other currency. And your dividends are paid out in that other currency. So if I were buying cheap stocks, I'd be buying stocks that were like IBM, who pay their dividends in the strongest currency. No point paying foreign taxes on dividends that go down instead of up in value.
    Jul 21, 2015. 08:28 AM | 3 Likes Like |Link to Comment
  • IBM Should Spin Off Its Legacy Business Of Installing Software And Consulting Services [View article]
    After reading this article and many posts, I don't want to own HPQ. I think the split is a bad idea.
    Jul 20, 2015. 09:27 PM | 1 Like Like |Link to Comment
  • What To Look For In IBM's Earnings [View article]
    It never ceases to amaze me that no one seems to understand that when IBM gets out of a business, they have their reasons... Within a month you can begin to read the announcements.
    Jul 20, 2015. 09:24 PM | Likes Like |Link to Comment
  • What To Look For In IBM's Earnings [View article]
    What engineers do you think have the expertise to do it? The foundry does not exist today.
    Jul 20, 2015. 09:20 PM | Likes Like |Link to Comment
  • IBM down 4.4% following mixed Q2; cost cuts, buybacks boost EPS [View news story]
    The Russian Ruble has lost 42% of its value. The Brazilian Real around a loss of 30%.
    The reason India looks so much better is that the Rupee has only lost about 5% of its value; the best I've looked at so far.
    Jul 20, 2015. 09:17 PM | 1 Like Like |Link to Comment
  • IBM down 4.4% following mixed Q2; cost cuts, buybacks boost EPS [View news story]
    Clearly currency has been a terrible headwind both to revenue and to earnings. Since last year, the euro has gone down from $1.35 to an average of $1.10 for the past quarter. That is a loss of 18.5% in revenue dollars from Europe. The British pound has gone down over 10%. CAD has gone down over 16%. The yen has gone down 15%. The Australian dollar has gone down. I think the currency losses should even be more than what is on the report. And next year I expect we won't see this kind of comparison.
    Jul 20, 2015. 08:56 PM | 1 Like Like |Link to Comment
  • IBM down 4.4% following mixed Q2; cost cuts, buybacks boost EPS [View news story]
    May be a good time right now to buy stock after hours on the 200 dma. Guess we will find out tomorrow. Next quarter will have an easy compare with .02 eps in Q3 2014 compared to estimate Q32015.

    "Gross margin (non-GAAP) rose 20 bps Y/Y to 50.9%" They are moving into higher margin business. So I expect EPS to continue to go up, especially when the new growth businesses become a substantial part of their business. They way I calculated it on a former post, they could become all of their business in 2018, which obviously will not be all of their business.
    Jul 20, 2015. 07:48 PM | 3 Likes Like |Link to Comment
  • IBM beats EPS estimates, misses revenue estimates; guidance affirmed [View news story]
    Amazon's eps has certainly been going down. So has Microsoft. But not IBM.
    Jul 20, 2015. 07:06 PM | 1 Like Like |Link to Comment
  • IBM beats EPS estimates, misses revenue estimates; guidance affirmed [View news story]
    I encourage you to read the remarks from the conference call.
    http://bit.ly/1ecFsyZ
    Select downloads and then read the remarks.
    "Revenue in our strategic imperatives, those that address the market trends in data,
    cloud and engagement, is again up more than 30 percent in the second quarter, and
    so up over 30 percent for the first half. This is an acceleration from roughly 20
    percent growth last year. As we’ve said before, we’re able to grow at a rate
    significantly faster than the market because of the industry perspective and deep
    insight we have from working with our clients on their core businesses to help
    move them to these strategic areas. We’re clearly seeing this in analytics, where
    our revenue is up more than 20 percent in the first half, well above market rates.
    This is terrific growth on a large revenue base, recall we generated $17 billion of
    analytics revenue last year. The growth is led by GBS and by Systems Hardware,
    reflecting the new z13 and Power8 systems where they specifically address
    analytics workloads. And we’re developing new markets with the advanced
    cognitive capabilities of Watson. Our cloud revenue was up over 70 percent year to year in the first half, and over the last 12 months our cloud revenue was $8.7
    billion. "
    "Our security business was up 10 percent for the half, and social more than 40 percent, while our mobile business quadrupled. "
    "From a segment perspective, we saw an increase in demand in our services
    business, with 22 deals over $100 million this quarter, the highest number in over
    two years. This contributed to a backlog that is up year to year for the first time
    since the end of 2013, which is certainly an encouraging data point. In our Systems business we’ve been delivering innovation and repositioning the portfolio and this quarter we again had solid revenue and profit performance. Our System z revenue is up about 50 percent year to date, and the z13 performance is in line with previous cycles. Power grew in the first and second quarters, led by strong growth in scale out systems, which are capturing both the UNIX and Linux opportunity and a return to growth in the high end this quarter. "
    Jul 20, 2015. 06:21 PM | 6 Likes Like |Link to Comment
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