Interesting to hear this from IBM, especially after years of shilling Watson and moving from being a growth business to the technology audit and share buyback model.

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prodigycorp 10 hours ago | parent | next [-]

also because the market (correctly) rewards ibm for nothing, so if they’re going to sit around twiddling their fingers, they may as well do it in a capex-lite way.

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roncesvalles 5 hours ago | parent [-]

I'm still flumoxed by how IBM stock went from ~$130 to $300 in the last few years for essentially no change in their fundamentals (in fact, a decline). IBM's stock price to me is the single most alarming sign of either extreme shadow inflation, or an equities bubble.

Why do you say the market correctly prices it this way?

	▲	sethops1 2 hours ago \| parent [-]
		IBM has been quietly leading the charge in offshoaring to India. Investors are happy with the reduced costs.

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itake 10 hours ago | parent | prev [-]

imho, IBM's quant computing says they are still hungry for growth.

Apple and google still do share buy backs and dividends, despite launching new businesses

https://www.ibm.com/roadmaps/