IBM is big, and full of inefficiencies. Plus it has a very large external risk (due to it being a contractor of many other big companies), and now that external

IBM is big, and full of inefficiencies. Plus it has a very large external risk (due to it being a contractor of many other big companies), and now that externality reached them: https://news.ycombinator.com/item?id=23271145 https://news.ycombinator.com/item?id=23271145