Short Honk: Big Blue Gets Smaller. Cook Book Sales Not Reported
April 21, 2015
I read “IBM Sales Fall for 12th Quarter, Currency Weighs.” Nary a word about Watson. I then read “IBM Operating Profits Rise, but Strong Dollar Takes Toll.” Again a subject about which I sought information was not included. (The New York Times, April 21, 2015, business section, dead tree edition).
I learned that mainframes are still selling. I learned that not much else is selling. But the fact I wanted was missing.
I must conclude that sales of Watson’s cook book are not sufficient to bolster IBM’s financial results. Maybe next quarter along with Watson Health’s revenues.
One fact did stick with me. IBM has reported revenue declines for three years in a row. What advice does Watson offer? Also not reported. I hear a voice whispering, “Patience, grasshopper.”
Got it. Patience.
Stephen E Arnold, April 21, 2015
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