Well, well, well.
15 years ago, all we heard was how India Inc. was going to save IBM.
71% Indian-run IBM is now dying.
Inside IBM, it’s mostly Indians.
The best and brightest “smartest people in the world” have failed to keep IBM going.
Connect the dots:
IBM plans to invest $6 billion in India
$6 billion of American IBM money was flushed down the India Inc toilet on this one.
India Becoming a Crucial Cog in the Machine at I.B.M.
IBM shifts center of gravity half a world away, to India
https://www.seattletimes.com/business/ibm-shifts-center-of-gravity-half-a-world-away-to-india/
IBM Now Has More Employees in India Than in the U.S.
But now…
The Sad Decline Of International Business Machines
https://seekingalpha.com/article/4205420-sad-decline-international-business-machines
IBM: still failing after all these years
https://www.zdnet.com/article/ibm-still-failing-after-all-these-years/
Sell IBM shares because its profits are in an ‘irreversible structural decline‘ analyst says
Structural decline?
Thanks India, you failed to deliver – again.
How many American homeless or verterans could have been helped and housed with that $6 billion?
America is wasting huge amounts of $ on international wealth redistribution schemes as we ignore the plight of our own, and destroy our best companies in the process.
What a fool nation we are too allow this to happen.
Problem is, now Apple is in danger too thanks to the IBM Failure Infection:
“IBM is no longer a tech company. They have no vision. What they’ve evolved into is a company that does [arbitrage] on acquisitions. It’s stock buybacks. Who is IBM anymore?” Mark Cuban
Oh really Mark? Well then why did you continue to advocate flooding the US with even more of the fake H-1B workers who caused IBM’s downfall?
Seems you are part of the problem too, Mark.
Buy Bob Cringeley’s book to read the sad details. America is being looted.
Oh – and IBM is facing lawsuits all over the place – not just for failed, botched projects, but even fraud:
Pennsylvania sues IBM for fraud over $170m IT upgrade shambles