| ▲ | IBM stock drops the most since 1987(finance.yahoo.com) | |
| 9 points by mathattack 10 hours ago | 2 comments | ||
| ▲ | mathattack 10 hours ago | parent | next [-] | |
This shouldn’t surprise anyone who has dealt with IBM over the past 10-20 years. 1 - IBM audits your company’s software usage. 2 - They find a couple servers that someone forgot to turn off a decade ago that nobody uses. 3 - Since it was found in an audit “you’ll lose the 90% discount” and they present the CFO with a $20 million bill. 4 - “It pains us to have to enforce this MSA that your predecessors signed 20 years ago. In the spirit of partnership we can make this go away with a $2 million Watson purchase.” 5 - You get the Watson subscription which you don’t dare turn on. 6 - IBM touts the growth of AI to Wall Street [0] and fires a bunch of old people [1]. Of course this wasn’t going to end well. [0] https://www.constellationr.com/insights/news/ibm-q4-better-e... [1] https://www.publicjustice.net/federal-court-boston-ibm-age-d... | ||
| ▲ | ChrisArchitect 7 hours ago | parent | prev [-] | |
Related: IBM is on pace for its worst day ever | ||