From Zero Hedge:>Wall Street Desks Stunned IBM Shares Crash Most On Record, Exceeding Dot Com & 1987 Crashes >CEO Arvind Krishna Blamed Preliminary 2Q Results on "Shifting" Customer CapEx Spending>IBM's surprise second-quarter warning blindsided traders Tuesday morning, raising new concerns that enterprise technology budgets are being redirected toward AI infrastructure at the expense of traditional software and IT services.Also, when you let brown people run a company, the company will crash. They say the company benchods from within>Shares plunged 24% in the first 20 minutes of New York trading. Should those losses hold through the close, IBM would suffer its largest one-day crash on record, based on Bloomberg trading data going back to 1968.Coolie runs white business and shits the punchbowl>Here's what Wall Street's top desks are saying in first takes:They're saying saaaaaaaaaaar>UBS analyst Robert Ruple:He got a diversity award>The big news this morning was a surprising negative preannouncement by IBM, down 22%, with Q2 sales of $17.2 bn versus $17.8 bn expected and EPS of $2.93 versus $3.02. Citing unanticipated capex reprioritization impacting client buying patterns with numerous large deals failing to close on time, cybersecurity distractions and some supply chain-related impact where they saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure (thanks to AI boom) ahead of expected price increases. This redirection of budgets towards AI has been a topic that Karl Keirstead/team have been articulating as potential risk for some time (particularly for incumbent SaaS suppliers and IT Services companies), which sounds like a harbinger of commentary that could be further accentuated by other software, IT services and hardware-related companies as Q2 reporting season progresses that is sure to weigh on sentiment incrementally.It only suprises the retarded
I'm doesnt even make anything anymore
>>62480918And now, walls of cope from insects running the jeet infestations at other firms.>David Vogt provides his initial thoughts on the IBM miss and these results suggest that enterprise IT spending pressures are hitting sooner than investors anticipated, leading to a revenue shortfall and non-GAAP EPS guidance of $2.93, below both expectations and consensus. The primary driver was weakness in IBM's zSeries mainframe cycle, which hurt its high-margin Transaction Processing (TP) business. While Red Hat delivered solid 11% constant-currency growth and recently acquired assets such as HashiCorp and Confluent performed well, these positives were overshadowed by a sharp decline in TP revenue, which appears to have fallen in the mid-teens year over year and represents nearly 30% of IBM's Software segment. As a result, investors are likely to reassess IBM's long-term software growth outlook, particularly for 2027 and beyond, as rising infrastructure costs and tightening IT budgets weigh on demand. These results reinforce concerns that stronger growth areas like Red Hat may not be sufficient to offset prolonged weakness in TP business, increasing pressure on IBM to pursue larger acquisitions or other growth initiatives to sustain its software growth trajectory remaining at neutral.A 24% loss of value is a 'miss'. Ok david.
>>62480934Well, definitely not now. But it was a white business, so it has to be trained by diversity.Get it? TRAINED?!?
The poo became CEO in 2020. If his ethnicity was the catalyst, why did the stock wait six years? The market is reacting to a surprise revenue/EPS miss and management admitting they got caught flat-footed by the AI capex shift...not him being a pajeet.
Should have happened sooner
kinda crazy how everything is just a shitcoin these days
>>62480935>Goldman analysts:>IBM: Negatively preannounced Q2 results this morning, with Revenues coming in well below estimates on shortfall led by Software & Infrastructure performance. Stock -17% in pre. Prelim Q2 Revenue missed estimates ($17.2bn vs. cons $17.9bn). Company said "did not anticipate magnitude of CapEx reprioritization." Shortfall vs. consensus was led by "Software and Infrastructure performance shortfall." Mgmt commentary: "What played out was worse than our expectations, driven by a shortfall in our Z performance and the associated software stack, primarily in Transaction Processing. In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases. This dynamic impacted client buying patterns. While we anticipated some supply chain related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization." BOTTOM LINE: This should fully play into the Software bear case, and would imagine should drive fairly broad-based weakness across software + services layer today (most names down 3%+ early in pre).What could be the cause? A bunch of jargon, i guess, and not, NOT, the fact that they let an indian be in charge, and probably hired a ton of indians to work there. There is no exception to this phenomina, where the presence of indians predicates the collapse of a tech company, or country. To put it another way, if they'll tolerate indians, they must be suicidal, or somehow terminal, and want an excuse to stripmine everything. But who do you recruit to do the dirty work? Whites wanted a career, and the few psychopaths present don't want to do the dirty work, they want to command it. So who does it? Indians work for pennies, so let them run cover and blanket everything while you push your real workers, the Whites, to the breaking point.
>>62480991>>62481001It was IBM, it takes a while to scuttle that big a ship. Just look at the quality of the houses, if you want to see what happens with immigrant labour, it is a gradual shift, as the cheap scab labour does zero quality, and the Whites have to patch it up. It can limp along for a time vefore the Whites are exhausted or gradually laid off. Then this happens.It's because their ceo is an indian with an indian name indian parents and an indian heritage. No indian will ever be anything but a coolie, because they are always and in all places utilized to be coolies.Look at this slave. He is there to emplode the company, and cannot do otherwise, because indians are coolies.
Now I want to short every company managed by jeets
>>62481019>Goldman analyst James Schneider:>What happened: We expect the stock to trade meaningfully lower following IBM's negative pre-announcement this morning, which was driven by a shortfall in Infrastructure and Software to a lesser extent. We believe the mainframe shortfall reflects client demand re-prioritization toward near-term server and other hardware purchases given surging memory and component prices, a dynamic consistent with what peers such as Dell and HP have cited. This reprioritization also drove a shortfall in Transaction Processing because of perpetual licenses tied to new mainframe purchases. In addition, we believe the company's Data & Automation software segment saw weaker demand due to company-specific execution issues. Red Hat results were in line with expectations at a growth of 11% in the quarter. We leave our estimates unchanged for now, pending further color from the company on next week's earnings call on updated 2026 guidance and potential remediation efforts.Translation: >hodl, goys, we have more money to suck out of this beast before we crush you, so we're going to put maybe 4% back in to make it look like a rebound, and then crab for a few weeks before taking 6 and 8% slices out for a few months so that by Christmas we have half the value, and you White boomer fucks who believe in blue chip investing can go into the nursing home, wondering what the hell happened. We happened. And we helped set up diversity to teick you into being altruistic while we surround you and then have our coolies open the gates.That's it, essentially, when goldman explains where 24% of IB fucking M went.
>>62481043You should. This is the get rich quick scheme of the next three years
>>62480918>expect revenue of 17.8 billion>have revenue of 17.2 billion>instantly crash by 25% for trillions of dollarsthis entire economy is so fucking fake and gay wtf
Who could have predicted this?
>>62481127New round (((financial))) markets?
>>62480918>With Systems and Technology Group gone, IBM Research has to go somewhere, and it will be a free-standing unit led by Arvind Krishna, who is being elevated to senior vice president and director of the R&D arm of Big Blue. He succeeds John Kelly, who now has the position of senior vice president of solutions portfolio and research>All of the executives of these units as well as Krishna report to Kelly in the new organization chart...>Arvind Krishna was appointed IBM's CEO in January 2020, effective April 6, 2020>On the 18th of December, 2020, IBM announced that Kelly will retire from the company at the end of the yearInteresting
>>62480918>CEO Arvind Krishna
>>62480918Oh boy! The other kids are going to make fun of them tomorrow.
>>62480991This.He muscled (with the help of a lapdog board of directors) Jim Whitehurst, former CEO of Red Hat and Delta and the person the market wanted to be the next CEO, out of the picture.Whitehurst wasn't content to be the ceremonial President, and resigned.Prior to becoming CEO, Krishna actually was the proponent and architect of the Red Hat acquisition, which resulted in IBM taking on gargantuan debt in exchange for inorganic growth (growth through acquisition)--universally regarded as a bad strategy.
>>62481370>>62481039IBM still has incredible technology.IBM i is a great operating system.It's said that every time you swipe a credit card, you're hitting an (IBM zSeries) maninframe.They still produce POWER processors.It sucks that we're stuck in this timeline and not the one where IBM never abandoned Thinkpads and OS/2, and you can still buy an IBM POWER Thinkpad running OS/2 or some IBM Linux distro.>>62480935>jeet infestationsThere are a lot of white women doing fuck-all at IBM, too. I live near IBM buldings and see them all the time.Maybe so the Jeets can>bob and vegenethem?Or maybe to pad DEI stats?
