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It's easy to forget that IBM still made $5.5B profit in the most recent quarter.
by smackfu 12y ago
It's easy to forget that IBM still made $5.5B profit in the most recent quarter.
- jordan0day 12y agoA naive person might then ask, "$5.5 in profit? So why lay off all those people?"
- vertex-four 12y agoBecause if they lay off all those people, they might make even more profit. A public company with outside shareholders can't generally say "oh, we're making enough money, we'll leave it there" - it's got to constantly grow and constantly make more and more profit to please the shareholders which expect it to do so. If you care about your employees, you don't let random people have a say in how your company is run for their own profit.
- hyperliner 12y agoWhy not? Don't you spend less on things when you want to save more? Do you spend all of your savings?
- jordan0day 12y agoSo you're telling me that when I buy the store brand toilet paper, I'm wreaking sudden havoc with the lives of thousands of families, all for the sake of saving some money? I guess I better start buying Charmin. The $0.37 of savings totally isn't worth that! I mean, who could possibly have a clear conscience about leaving thousands of people in the lurch over a little bit of money?
- johnward 12y agoI'm no financial analyst but I see a lot of "downs" in the Q4 earnings report: http://www-03.ibm.com/press/us/en/pressrelease/45884.wss http://www-03.ibm.com/press/us/en/pressrelease/45884.wss
- dreaminvm 12y agoEven easier to misinterpret the $5.5B profit without the context of 6% decline in revenue, and net income decline by 27%.
- bduerst 12y agoIt's even worse when consider how much their markets have grown in the past year. A 6% decline in revenue is understandable if the target markets go down 6%, but when there's growth it's even worse.
- deleted 12y ago[deleted]
- forgotAgain 12y agoInertia in it's client base mainly. As drag forces continue to slow it down those profits will disappear.