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A comment on IBM is splitting itself into two public companies. Parent comment

Re:IBM is splitting itself into two public companies by echelon on Thursday October 08, 2020 @04:24PM (#24723517)
Why is IBM's stock soaring? This is the sign of a dead company barely walking.

Furthermore, IBM has been in this state since the 90s, right? How are they still lumbering around? Why do companies fall for their sales pitch?

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Re:IBM is splitting itself into two public companies by bob33212 on Thursday October 08, 2020 @04:34PM (#24723636)
IBM stock is performing terribly compared to other technology companies from 15 years ago GOOG,AMZN,APPL.

They deliver a good story to other inefficient companies. Those companies can tell their board that the "new Watson AI will optimize their operations in Q4"

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Re:IBM is splitting itself into two public companies by plorkyeran on Thursday October 08, 2020 @05:15PM (#24724023)
IBM's stock is down 30% since 2013 and is only up 10% from its post-dotcom crash 2000 number. They pay decent dividends so it's been an okay place to park some money, but it's the opposite of soaring.
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Re:IBM is splitting itself into two public companies by cyberdrunk on Friday October 09, 2020 @03:56AM (#24727799)
There is a ton of inefficiencies in big businesses and governments and IBM and other service companies are preying on that. It's a viable business model, if a little scummy.
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