Consider the timing of this announcement (though not the announcement itself). It coincides with, and is almost certainly intended to distract from, IBM's earnings announcement, which was dismal. IBM is only only member of the DOW to lose in 2013. "The biggest thorn in IBM's fourth quarter results is the hardware division. The systems and technology division reported operating income of $206 million, down 79 percent from a year ago, on revenue of $4.3 billion, down 26 percent from a year ago. System Z, Power Systems, System x and storage revenue was whacked." I agree that IBM is hurting itself by de-emphasizing the mainframe. I believe this will continue until Ginni Rometty reaches IBM's customary retirement age in a few years. Her likely successors seem to be people who better recognize the importance of the mainframe to IBM's future. Harry
> Date: Thu, 23 Jan 2014 11:27:40 -0500 > From: [email protected] > Subject: Re: IBM sells x86 server business to Levono > To: [email protected] > > I've spent several hours reading news reports from far and wide about this > much anticipated development. > What I would like to know is, what does this now mean to IBM's core business. > More importantly, what is IBM's core business? Do I detect that System z is > becoming more important? Mrs Rometty has said some 'promising' words about > 'cloud' business (referring to new data centers), which, to me, was about as > clear as a... cloud. > I also hear wise words about IBM the 'services' company. Personally, and I > think so would IBM-MAINers (is that a word?), I would like to see some real > positive emphasis on System z in the next few weeks to coincide with the 50th > Anniversary of the S/360. So far, the silence is deafening. > Sorry if I offend anyone here on the List or more likely at IBM, and perhaps > my cynicism is showing in my advanced years. > Perhaps it is the cold weather here in Florida - my old school friend back in > Wales tells me it is warmer there than here! > Cheers! > Aled L Hughes. > > > > > > > > > > -----Original Message----- > From: John McKown <[email protected]> > To: IBM-MAIN <[email protected]> > Sent: Thu, 23 Jan 2014 10:13 > Subject: IBM sells x86 server business to Levono > > > http://www.itworld.com/hardware/401502/lenovo-agrees-buy-ibms-server-business-23-billion > > For 2.3 billion dollars (U.S., Australian, or Canadian not specified, but I > guess U.S.). > > -- > Wasn't there something about a PASCAL programmer knowing the value of > everything and the Wirth of nothing? > > Maranatha! <>< > John McKown > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to [email protected] with the message: INFO IBM-MAIN > > > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to [email protected] with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
