Personal View site logo
Make sure to join PV on Telegram or Facebook! Perfect to keep up with community on your smartphone.
Please, support PV!
It allows to keep PV going, with more focus towards AI, but keeping be one of the few truly independent places.
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 :-)

  • 1 Reply sorted by
  • 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:

    image

    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.

    image

    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.

Add a Comment