The strategy was straight forward.
Get rid of your high priced American workers. Replace them with low cost foreign workers. Count all the incoming money. Profits will soar and the world will be a better place.
So lets check and see how it is going at IBM.
International Business Machines Corp's shares touched a five-year low (OOOOOHH…… NOT GOOD) on Wednesday, a day after the company forecast weak earnings, (OUCH) underscoring challenges (Challenges = Foreign replacement workers not doing so great) in its software business as it transitions to new growth areas.
The company's shares were down 6 percent. (Down 6%????)
IBM forecast 2016 adjusted earnings of "at least" $13.50 per share, below (BELOW) the average analyst estimate of $15 per share, and reported a drop in revenue
(DROP IN REVENUE IS NOT GOOD. YOU ARE SUPPOSED TO MAKE MORE MONEY….NOT LESS.) for the fifteenth straight quarter. (FIFTEEN STRAIGHT QUARTERS OF MAKING LESS MONEY!!!!!! HOLY CR*P… THAT IS TERRIBLE.)
Revenue at IBM's software business, which accounts for more than a quarter of the company's revenue, fell about 11 percent
(DOWN 11%.... MAYBE NOBODY WILL NOTICE THAT ALL THE LAYOFFS, AND ALL THE OFFSHORING DIDN’T LEAD TO A BETTER PLACE. YOU DON’T NEED TO WORRY THOUGH BECAUSE THE CEO WAS STILL PAID A FORTUNE. SHE MADE MILLIONS……EVERYONE LOVES PAYING MILLIONS FOR FAILURE. MAKES YOU FEEL GOOD.)
"We continue to think that the software segment represents the largest risk to ongoing top- and bottom-line financial performance, and thus also IBM shares,
(FUNNY THEY DIDN’T THINK THERE WAS “RISK” WHEN THEY SENT THE JOBS TO THE OTHER SIDE OF THE GLOBE. NOW THAT THE JOBS ARE THERE, AND THE RESULTS ARE HORRIBLE, THE PREDICTIONS FOR THE FUTURE ARE ALSO HORRIBLE…….GOOD…..I AM GLAD.)
IBM has been restructuring its business to focus on high-margin products such as cloud, mobile security and big data, but has failed to make up the shortfall with newer initiatives.
(THE OPERATIVE WORD IS “FAILED”. IBM HAS “FAILED”. GOT THAT?)
Up to Tuesday's close, IBM stock lost 40 percent (40%!!!!!!!) of its market value since touching a record-high.
(I HOPE IT KEEPS GOING DOWN. THAT IS WHAT YOU GET FOR DOING STUPID THINGS.)