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Oracle’s revenue last year was just under $50B. IBM’s was a little over $60B. Free cash flows were around $8.5B and $9.5B, respectively. Those are not the fina
by sokoloff 3y ago
Oracle’s revenue last year was just under $50B. IBM’s was a little over $60B. Free cash flows were around $8.5B and $9.5B, respectively.
Those are not the financials of zombies running on money from the public market.
- eastbound 3y agoIBM is laughing stock to everyone. Whoever would want to work there, it’s not young ambitious people. But it’s also a 100-year oligopoly, it will take more time to die. It’s also a golf company - its main activity is channeling golf courses to government members and management teams. You wouldn’t classify ClearQuest or DrWatson are serious pieces of software. DrWatson can be reproduced with a small python script, that’s why it sells so well: You sell the idea of AI to the press since 1995 and it gives a good image. The business of IBM is mainly funneling money from governments to government members; from corporations to higher managers. It makes corruption legal. This kind of businesses thrive well in general.