@EdGreay
IBM is… a floundering elephant, and I apologize to real elephants for that metaphor.
You’re welcome to your opinion, but insulting companies with animal metaphors doesn’t really elevate the discussion very much, and doesn’t convince (unlike politics). In fact, for me, such commentary reinforces the idea that a company is not respected in the market, which is actually a bullish indicator.
The article you sited is over 2 1/2 years old, which is a century in tech.It discusses the situation when IBM was headed the wrong way and misunderstood how to the succeed in the cloud.
IBM has reinvented itself multiple times and in the last 6 months it has been turning the ship around, and has made significant progress. I’m speaking from my experiences out in the field - they are getting new respect with what they are doing, especially regarding cloud data. Full disclosure - I also do have over a decade cumulative experience with IBM, both as a former employee, one of the architects of WebSphere, and also owning a former solutions partner consulting shop. This theoretically could “cloud” my opinion - I don’t think it does, but take it as you will.
My view is that a turn around is in the offing when the market realizes IBM is gaining cloud share. I also think it is a very low risk play - they are at a low valuation, and have a 4.3% dividend yield.
In my investing, I invest long term in high growth companies I believe in, and also invest shorter term in value companies where I see a catalyst for a turn around in market value. I’ve done very well on both sides - with MongoDB, AMD, and Pivotal being my largest investments.
I don’t want to over discuss this topic, since it off-topic for this board. Since many people on this board are very interested in cloud companies, however, I wanted to mention it for people interested in a cloud turn around story - giving back to the community that has presented some great ideas for me.