As Buffett Dumps IBM Shares, Board Needs to Oust Ginni Rometty
IBM CEO Ginni Rometty's turnaround has never happened. The board needs to get a new chief executive before more of Wall Street abandons the company.
IBM CEO Ginni Rometty's turnaround has never happened. The board needs to get a new chief executive before more of Wall Street abandons the company.
After multiple analysts chimed in after earnings, now IBM is even taking a credit rating downgrade from Moody's.
This may seem hard to imagine, but IBM was looking as though it was set to be a great Dow stock again during recent months. Then its first-quarter earnings tempered those big…
IBM did not get a bounce in share price that day after its stock plunged due to poor earnings. The results were poor enough to question whether it can turn around at…
GE, Verizon, JPMorgan, and IBM weighed the DJIA down on Friday.
Overall Wednesday started out relatively strong with the broad markets and crude oil up. However, everything turned for the worse over the course of the day. Obviously with crude oil falling, Oil…
IBM, Chevron, Caterpillar, and JPMorgan weighed on the DJIA Wednesday.
Overall this was a very weak quarter, despite IBM managing to pull off a beat on the bottom line, but it seems that the bar was already set very low. As a…
Technology research firm IDC forecasts a compound annual growth rate of more than 50% in global spending on cognitive and artificial intelligence systems.
Stung by poor earnings and analyst downgrades and price cuts, IBM shares have dropped to a low point hit back in December.
Wednesday’s top analyst upgrades, downgrades and initiations include BP, BHP Billiton, Goldman Sachs, Halliburton, IBM, Qualcomm, Rockwell Collins and Sirius XM.
IBM has failed almost every test a turnaround can fail. CEO Ginni Rometty has been in her job too long. IBM's board must know that.
International Business Machines Corp. (NYSE: IBM) reported its first quarter earnings results after the markets closed on Tuesday. The company said that it had $2.38 in earnings per share (EPS) and $18.2…
24/7 Wall St. has put together a preview of GE, Verizon, IBM and other Dow Jones Industrial Average companies scheduled to report their quarterly results this week.
Watson is an umbrella brand, and it covers some large portion of IBM's cloud and artificial intelligence operations. Outsiders routinely complain that Watson is as much a marketing tool as a successful…