| ▲ | ghaff 4 days ago | |
They did buy Red Hat (for a lot of money) and seem to have generally gotten their AI act together although not as visibly as the high profile SV players. Mainframe business seems to hum along. There's also quantum though not a big revenue source yet. So, overall, seems a pretty decent business at this point although not something that is on a lot of HN readers' radars. Yes, it's oriented towards large companies and public sector. | ||
| ▲ | georgeecollins 4 days ago | parent | next [-] | |
Buying Red Hat is exactly the behavior John Walker is describing. You don't spend money on R&D, or infrastructure. You acquire a business line and starve it. | ||
| ▲ | WillAdams 4 days ago | parent | prev [-] | |
Yes, but they've made some notable mis-steps: https://www.pennlive.com/news/2021/09/ibm-paid-pa-33m-to-set... (apparently there were enough states with this problem that there was talk of a class-action lawsuit?) | ||