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Honestly I'm not even sure what IBM does these days. Seems like one company that has slowly been dying for decades. but when I look at their stock, its at all
by edm0nd 10mo ago
Honestly I'm not even sure what IBM does these days. Seems like one company that has slowly been dying for decades.
but when I look at their stock, its at all time highs lol
no idea
- broodbucket 10mo agoIBM is probably involved somewhere in the majority of things you interact with day to day
- whoisthemachine 10mo agoYep. When a brand has tarnished itself enough, it makes sense for the brand to step back. Nowadays, we interact with their more popular properties, such as Redhat.
- darth_avocado 10mo agoThey make business machines, internationally.
- nickpeterson 10mo agoPretty sure they made all their money fighting the paperwork explosion.
- fuzztester 10mo agoThey are in the business of international machinations.
- Sl1mb0 10mo agoThey manage a lot of old, big mainframes for banks. At least that is one thing I know of.
- mike50 10mo agoBasic research and mainframe support contracts. Also they bought RedHat.
- 7thaccount 10mo agoMy limited understanding (please take with a big grain of salt) is that they 1.) sell mainframes, 2.) sell mainframe compute time, 3.) sell mainframe support contracts, 4.) sell Red hat and Redhat support contracts, and 5.) buy out a lot of smaller software and hardware companies in a manner similar to private equity.
- nunez 10mo agoMainframe for sure, but IBM has TONS of products in their portfolio that get bought. They also have IBM Cloud which is popular. Then there is the Quantum stuff they've been sinking money into for the last 20 years or so.
- crystal_revenge 10mo agoI can think of nothing more peak HN than criticizing a company worth $282 Billion with $6 billion in profit (for startup kids that means they have infinite runway and then some) that has existed for over 100 years with "I'm not even sure what they do these days". I mean the problem could be with IBM... what a loser company!
- lanyard-textile 10mo ago:) As much I love ragging on ridiculous HN comments, I think this one is rooted in some sensibility. IBM doesn’t majorly market themselves to consumers. The overwhelming majority of devs just aren’t part of the demographic IBM intends to capture. It’s no surprise people don’t know what they do. To be honest it does surprise me they’re such a strongly successful company, as little as I’ve knowingly encountered them over my career.
- CyberDildonics 10mo agoI think you're hallucinating this scenario. There is no contradiction with a company making money and someone not understanding what they do.