[vcf-midatlantic] IBM to break up 109-year old company to focus on cloud growth

[madodel]

On 10/8/20 14:06, Bill Degnan via vcf-midatlantic wrote:
> IBM hasn't been the same since it sold its PC/laptops to Lenovo.
>
> Their cloud business is not very good, I am unsure what they think will
> happen by this action, unless it's just for the board of directors to make
> more $$.

I used to dream of when I could afford a genuine IBM Thinkpad. By the time 
that happened they weren't made by IBM any more. :-( Sadly for me IBM began 
going down hill when they began to stop their software development in the 
mid 90's. Not just PC stuff but mainframe as well. Put me out of work. Got 
so disgusted I sold all my IBM stock. Eventually bought Apple with the 
cash. Worked out pretty damn well as that was pre-iPod. Not sure how 
unloading their Cloud business helps IBM proper, but I'm not a business 
genius. I'm sure a few people will make a lot of money off of the breakup. 
Are businesses still buying mainframes?


Mark


>
> Bill
>
> On Thu, Oct 8, 2020 at 2:04 PM Christian Liendo via vcf-midatlantic <
> vcf-midatlantic at lists.vcfed.org> wrote:
>
>> https://www.reuters.com/article/us-ibm-divestiture/ibm-to-break-up-109-year-old-company-to-focus-on-cloud-growth-idUSKBN26T1TZ
>>
>> First person I thought of was Conner.
>>