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Re: IBM Downturn

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IBM: Dead Dinosaurs Can't Dance
https://seekingalpha.com/article/4466347-ibm-dead-dinosaurs-cant-dance?mail_subject=ibm-ibm-dead-dinosaurs-can-t-dance

Stockman in "The Great Deformation: The Corruption of Capitalism in
America (i.e. IBM financial engineering company)
https://www.amazon.com/Great-Deformation-Corruption-Capitalism-America-ebook/dp/B00B3M3UK6/ 
pg464/loc9995-10000: IBM was not the born-again growth machine trumpeted
by the mob of Wall Street momo traders. It was actually a stock buyback
contraption on steroids. During the five years ending in fiscal 2011,
the company spent a staggering $67 billion repurchasing its own shares,
a figure that was equal to 100 percent of its net income.
pg465/loc10014-17: Total shareholder distributions, including dividends,
amounted to $82 billion, or 122 percent, of net income over this
five-year period. Likewise, during the last five years IBM spent less on
capital investment than its depreciation and amortization charges, and
also shrank its constant dollar spending for research and development by
nearly 2 percent annually.

(2013) New IBM Buyback Plan Is For Over 10 Percent Of Its Stock
http://247wallst.com/technology-3/2013/10/29/new-ibm-buyback-plan-is-for-over-10-percent-of-its-stock/
(2014) IBM Asian Revenues Crash, Adjusted Earnings Beat On Tax Rate
Fudge; Debt Rises 20% To Fund Stock Buybacks
http://www.zerohedge.com/news/2014-01-21/ibm-asian-revenues-crash-adjusted-earnings-beat-tax-rate-fudge-debt-rises-20-fund-st
The company has represented that its dividends and share repurchases
have come to a total of over $159 billion since 2000.

(2016) After Forking Out $110 Billion on Stock Buybacks, IBM Shifts Its
Spending Focus
https://www.fool.com/investing/general/2016/04/25/after-forking-out-110-billion-on-stock-buybacks-ib.aspx
(2018) ... still doing buybacks ... but will (now?, finally?, a little?)
shift focus needing it for redhat purchase.
https://www.bloomberg.com/news/articles/2018-10-30/ibm-to-buy-back-up-to-4-billion-of-its-own-shares
(2019) IBM Tumbles After Reporting Worst Revenue In 17 Years As Cloud
Hits Air Pocket
https://www.zerohedge.com/news/2019-04-16/ibm-tumbles-after-reporting-worst-revenue-17-years-cloud-hits-air-pocket

-- 
virtualization experience starting Jan1968, online at home since Mar1970

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IBM Downturn Anne & Lynn Wheeler <lynn@garlic.com> - 2021-11-06 12:46 -1000
  Re: IBM Downturn Anne & Lynn Wheeler <lynn@garlic.com> - 2021-11-08 13:51 -1000

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