Bob Djurdjevic
Bob Djurdjevic
path saw slow today
The way I would characterize what I saw today is, they're on a slow path of improvement. It's not a sprint.
budgets cannot capital cutting feeling pinch services small spending trouble
These companies, in their own way, all are in trouble and cutting back their capital spending and budgets, and that's why the IT services vendors are feeling the pinch as well, ... That cannot be said of the small and medium-sized enterprises, which is typically Sun's bread-and-butter marketplace.
ibm prior structure
Prior to 1994, IBM didn't have the kind of structure it has now. They also had silos,
answer customer deeper drilling obviously smaller
The answer obviously has to be in diversifying the customer set, drilling down deeper into the smaller and medium-sized companies,
accept anyone credit fact ibm investors leap mentality profit quantum savvy smaller wall wants
If anyone wants to look at the quantum leap at IBM, they should look at profit margins. Investors have to be savvy enough to accept the fact that sometimes smaller is better, but that's not the mentality on Wall Street. That may be why IBM is not getting the credit they deserve.
company decline degree severity vary
Only the degree of severity of the decline will vary from one company to the next.
blue drill fingers good investors leaking predicted reason rehearse says ship sinking voting
The Big Blue ship is leaking and creaking, and the new skipper says there's no need to change, ... Just keep those fingers plugged in the leaks, as we rehearse the sinking ship drill at Armonk. Well, investors think there is good reason to change. They are voting with their feet, just as we predicted back in January.
additional existing expect meet ongoing saying source thanks
What he is saying is we expect to meet the expectations thanks to this additional source of revenue, not from our existing ongoing operations,
quarter
Overall, you can say the quarter was on the mark,
hardware ibm rest rid
They got rid of a dud, so the profitability of the rest of IBM hardware can now shine.
business constant hardware ibm increased pc rest rid
They got rid of a dud so that the profitability of the rest of IBM hardware can now shine. Hardware revenues without the PC business increased 6% or 9% in constant dollars.
hardware ibm rest rid
They got rid of a dud so that the profitability of the rest of IBM hardware can now shine.
business losing tells together
You put it all together and what it tells me is they're losing more business than they're selling. And that's a worrisome sign.
exactly ibm time
This is exactly what IBM went through during that time frame.