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Hardware sales slowed... not good sign for hardware providers and its suppliers ...
IBM misses estimates for the first time since 2005
NEW YORK — International Business Machines (IBM), the largest technology-services provider, missed analysts’ profit estimates for the first time since 2005 after hardware sales slowed.
Excluding some items, first-quarter profit was US$3 (S$3.71) a share, the company said yesterday.
http://www.todayonline.com/business/ibm-...-time-2005
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IBM reverses Wall Street slump
NEW YORK — News that IBM will buy back more stock and raise its dividend helped pull major United States stock indexes out of a morning slump yesterday (this morning, Singapore time).
IBM and other technology stocks led the Standard & Poor’s 500 index up. The broad-market measure ended April with a 1.8 per cent gain, the sixth month in a row the index has climbed higher.
http://www.todayonline.com/business/ibm-...reet-slump
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CityFarmer what do you think of IBM?
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(01-05-2013, 05:43 PM)Drizzt Wrote: CityFarmer what do you think of IBM?
Warren Buffett is a SSH of IBM, and more than 15% weighting of his portfolio.
Is there a need to say more?...
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hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.
personally i am concern about the leadership capability of this new ceo.
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IMO, it takes a long period to judge a person
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you may be right. but the predecessor set a rather high benchmark. not so much to do with her but the level she need to reach.
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(01-05-2013, 09:50 PM)Drizzt Wrote: hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.
personally i am concern about the leadership capability of this new ceo.
It's difficult to judge base on public info of the new CEO. I will take an indirect approach. Warren Buffett is very concern on top management appointment. If he is ok with her, i will opt to trust his judgement.
(not vested)
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(02-05-2013, 09:59 AM)KopiKat Wrote: (02-05-2013, 09:35 AM)CityFarmer Wrote: (01-05-2013, 09:50 PM)Drizzt Wrote: hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.
personally i am concern about the leadership capability of this new ceo.
It's difficult to judge base on public info of the new CEO. I will take an indirect approach. Warren Buffett is very concern on top management appointment. If he is ok with her, i will opt to trust his judgement.
(not vested)
If I were to look at Warren Buffett quotes, his higher focus is on the business,
You should invest in a business that even a fool can run, because someday a fool will.
eg. Coca Cola many years back
When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
eg. Berkshire Hathaway during Garment biz days
An old article from Forbes dated 18-Jan-13,
Why Warren Buffett Keeps Buying IBM
Sifu is right, his higher focus is always on business, but he had never chosen a fool as top management of his invested companies IIRC.
In the article quoted, probably half of it is on "Management - Business Execution"
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