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US: IBM as fucked company
  • Vitaliy_KiselevVitaliy_Kiselev

    IBM announced the job-cutting effort after releasing disappointing first-quarter results in April. The Armonk, New York-based company posted profit of $3 a share in the period, missing the $3.05 predicted by analysts -- the first earnings shortfall since 2005, according to data compiled by Bloomberg.

    The company is probably cutting 6,000 to 8,000 jobs globally.

    http://www.endicottalliance.org/jobcutsreports.php

    Good comments about last layoff :-)

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  • WalkerWalker

    IBM as fucked company

    Well , f*cked as in machiavellian, layoffs or as in the end of a redundant business model, yes. But prior to the layoffs news, we'd all just heard about some new, big tech advances like the DB2 (database) system:

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    From PC World

    in the new update of DB2, released Friday, IBM has added a set of acceleration technologies, collectively code-named BLU, that promise to make the venerable database management system (DBMS) better suited for running large in-memory data analysis jobs.

    Because of BLU, DB2 10.5 could speed data analysis by 25 times or more, IBM claimed. This improvement could eliminate the need to purchase a separate in-memory database -- such as Oracle's TimesTen -- for speedy data analysis and transaction processing jobs. "We're not forcing you from a cost model perspective to size your database so everything fits in memory," Vincent said.

    On the Web, IBM provided an example of how 32-core system using BLU technologies could execute a query against a 10TB data set in less than a second.

    If you're not an IBM employee you may view their example at https://www-304.ibm.com/connections/blogs/datawarehousing/entry/db2_with_blu_acceleration_in_action4?lang=en_us

    From Value Walk:

    even though IBM is trading at an all-time high price, its current valuation is historically low because earnings (the orange line) have actually grown faster than the stock price.

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    Whether this BLU technology with be the new jewel in IBM's crown - or whether they have other technologies up their sleeve - we don't know. I dare say their execs will be saying to their shareholders that they're "trimming dead wood," making a leaner, meaner IBM - yet with still plenty of cash.

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