Places like IBM which used to be joked getting fired was impossible unless one messed around with boss's secretary in front gate during lunch. It had no tolerance for union organization and after firing around the world post the news.

As for Starbuck I just do not go trying their coffee anymore. Tastes bitter.

Last year I did a 2 months long with IBM(3 rounds) and was told i will get the role. After 2 months they told me they place someone internally.. Excuse me.. WHAT!? Also 3 rounds in 2 months I heard is very optimal time for a company like IBM.. I’ve read about another guy waits 8 months desperately .. These are unheard but real stories.

AI isn't just Chat GPT, although that one is in the news a lot lately. On the hardware side, Nvidia, Arista Networks, IBM, Intel, AMD (Xilinx), and probably more that I'm not aware of are all making AI hardware. On the software side, you have companies like Apple, Adobe, Microsoft, Google, Meta, Salesforce, and many others all integrating generative AI into their products. The AI market is expected to grow at a 37% compound annual growth rate from 3.3 billion in 2021 to 16 billion in 2026, according to Goldman Sachs. But most pure AI companies are currently privately held, which makes investing challenging. Honestly though, AI is a revolution in the same way that the Internet was a revolution. It will impact everyone's life. It would be smart to invest in it at an early stage.

just buy regular dividend paying stocks and go to sleep -

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i can recommend verizon, T mobile, qualcomm, IBM, MSFT

​

im doing the same

Nvidia is to AI what Microsoft and IBM was to computers in 1970s.

ChatGPT uses thousands of Nvidia RTX chips.

Nvidia will be the first chip company to breach $1T valuation this year.

If you brought Nvidia in January, you have already beaten last 10 year returns of SPY

Yea, I wasn't sure of what to try to buy today. I checked out AMD but it was down early dissuaded me to jump in for a potential loss. INTC was low amount so I might have gained about $200 on maybe 600 shares. IBM only would have been $100 or so on 100 shares. JPM and WMT would be similar to IBM. GLD was red. XOM similar to IBM. In looking now, should have done TSLA. F! So is the priority order now, NVDA -> TSLA -> AMD?

Haven’t heard anything about IBM. MSFT and Oracle were the two main candidates when Trump tried to ban TikTok.

Why not ibm ?

I think of the footage and pictures trim, well-kept men working diligently in shirt/tie at IBM/NASA/ManhattanProject.

And then I think of obese neck-beards holding in their fast-food farts and saying working from home is more productive.

AI has been built into intelligence in data mining for years. Only recently it is blown out of proportion because stock market wants act MI, AI are really something revolutionary. IBM spent 4 billion dollars working with several major medical centers to data mine past data to benefit doctors and patients for over 10 years with mostly disappointing results. Its computer and tools used had advantage over all major competitors. But the tinted data and questionable result suggests we have to start everything in medical field over. I think chip companies, big internet-based tech companies will benefit. It will take years if not decades to improve. At least work done suggests not just 1 software application can contribute more than others. Google, Microsoft, Amazon and IBM will ultimately benefit more.

IBM fucked me

It was around for a couple years in the 90s and then completely disappeared for over a decade. The point at which you can actually start counting is around 2012/13 when oculus’s DK1 was being worked on. It’s been less than a decade since these devices have been on the market purchasable by the average consumer. The same point with smartphones was reached before the year 2000 with some of IBM and Motorola’s early models.

It’s also good to remember that this is a much more difficult technological problem than smartphones. So if we take 2012 as the actual start point of this industry in the public sphere, that means by 2027 these things should be starting to go mainstream. At current growth rates there should be more than 100 million headsets shipped that year, conservatively.

if this is a concern, maybe the government should calculate how much everyone owes for us.

often the 'super wealthy' have other people do taxes for them. take your least favorite billionaire. they probably have a team of 10-15 employees from KPMG, just like they would work on Caterpillar or Apple or IBM auditing their paperwork and doing stuff for them

IBM doesn't move much, dividend is cool, but other han that not much happening with IBM.

Just sold out of my position of 2 years... mddee some sweet dividends, but not much overall profit.

Whats stopping you from putting 10k into IBM and collscting that fat dividend every quarter.

Several months?!?

There was a thing called ViOS about 20 years ago that was the first attempt. It lasted about five minutes.

Then SecondLife came along maybe 15 years ago, and for about a year or so it was the flavor of the month. People became millionaires on the back of virtual real estate, virtual currency got publicly traded, companies rushed to have virtual presence there. Literally, IBM was interviewing new hires in virtual meeting rooms.

It's still around, but these days it's just role play and cyber sex. About five years ago they tried to make an upgrade with VR, but I think it stalled.

Then Zuckerberg got the third hand idea in his head and drove it with his money and fame. I think he stalled like everyone else.

It's not a new idea, and it's never worked before. Zuckerberg isn't bringing anything fresh to the table except marketing.

That Facebook image is from Mullen's website from 2016 and "patent pending" does not mean patent granted. You can search the USPTO for patents actually granted to Mullen, and you will not find anything regarding battery technology, lithium-air or otherwise. The Lithium-air was from a failed partnership with IBM and never went anywhere (other than a $5.6M payment to IBM that Mullen paid last June after IBM filed a lawsuit against Mullen for breach of contract).

There has been no mention of Nextech ever since that single PR statement 2 years ago. Besides which, any patents would belong to Nextech, not Mullen.

IBM or Intel , from my understanding IBM basically created all the markets we have today. They are working on the next market which is quantum computing.

​

Once that kicks off there really isn't anything they can't do

Says IBM, says Blockbuster, says every brand that fell off.

I would say to be careful that not more than 10% or maybe 15% at the high-end of your net worth is tied up in a single stock, certainly more risky when it's your employer.

If you let the stock become a large percentage of your net worth, it can pay off huge or it can be a disaster.

Even huge companies like Amazon face stock price declines that sometimes last for years.

IBM shareprice has done nothing for 10 years is an example of a once prestigious employer who's stock price has floundered.

Disney is another where the shareprice is where it was at 5 years ago.

And of course, you have the disasters like Enron, AIG.

There's risks with all paths forward, but using that percentage of net worth should keep you from disaster.

Four years? You need to look up what Ford, GM, IBM etc we’re doing before WW2 and during. Let’s just say they don’t like to talk about it.

A basket of currencies, much like an index. Instead of writing a contract for X number of U.S. dollars, you would write it for Y number of basket shares. It would not be any different than promising to pay someone one share of VOO instead of one share of IBM.

The internet is flooded with rumors, speculations, and inaccurate information. If AI computer cannot diagonalize cancer illness because doctor bias, poor penmanship, and poor quality of medical records after spending $4 billion dollars of development at multiple medical centers. Given the most powerful supercomputer it swallows a bunch of garbage data and spit out information deemed questionable much of its use. The IBM computer performed even better than Amazon, Google and Microsoft AI could not deliver its usefulness intended.

Most financial crimes aren't really crimes at all. They're just people taking advantage of poorly written laws. For example, if the US government just said it owned 50% of the shares any company based in the US, then it would be covered no matter what. Instead it says it technically owns 0%, but has the right to tax companies, investors, workers, consumers, etc. So everyone keeps finding new loopholes to avoid corporate taxes, capital gains taxes, income taxes, sales taxes, etc. It's mind blowingly stupid.

Meanwhile, if you just see the government as an extra-powerful shareholder, everything makes a lot more sense. Why does the government give Tesla and Amazon subsidies? Because it owns 50% of those companies and wants to invest more to make them grow faster. Why does it bail out failing banks and automakers? Because it owns those banks and automakers.

You can apply this to people as well. Why does the government pay for people's education? Because it owns a large percentage of every American's future cash flows. Why doesn't it want to pay for student loan forgiveness? It doesn't want to give up a claim to its future cash flows.

Why does the government invest in large scientific R&D projects like NASA, cancer cures, and the internet? Because it has a centuries to millennia long investment horizon. The US government will recoup investments long after every human alive today is dead. A large chunk of the US's revenue still comes from JP Morgan's original bank, Rockefeller's Standard Oil Bell's AT&T, Watson's IBM, etc.

Ultimately, the example above is yet another example of French politicians framing the "art of taxation" as plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.” Everyone would be better off if we were just honest with each other.

The biggest trap is a sideway action, when w company dies the price slowly degrades but we have many sideway kings like IBM, Pfizer or few years ago Intel that they kept same range more or less and the cost opportunity lost was immense.

Depends on a lot of factors. We need to know what a company is, and then realize that many companies fail, fewer still blow up, and obviously only 350 become the top 350. This results in a scenario where this discussion can go.

But when people talk about CEO they mean Boeing or Apple or Microsoft or IBM. They don't mean mom and pops where the CEO is also the guy running the register.

Amazon execs are the new IBM execs.

You keep focusing on multibillion dollar tech companies as if they’re the only places software engineers get jobs.

You know how many engineers work in startups, agencies, non-profits, and small to mid sized firms? Which pay significantly less than companies like IBM/Cisco/Cap One etc… not to mention those companies are highly competitive environments to get jobs in, they get literally tens of thousands of resumes a day.

So no I don’t agree that there aren’t Jr’s making 50k, I’ve worked with plenty in the last 3 years.

The country wide average for Jr’s is ~80k which means some are making more and some are making less. The last company I was at (FinTech startup) had 82 devs, 21 of which were Jrs we paid them $60k a year starting salary with no bonuses. Even at those rates we were getting 2-300 resumes a day for those Jr roles when they opened. Also we were on the coast in Baltimore.

so we agree it’s simply untrue that junior engineers are making 45-50k? even cisco/ibm will do 6 figures

Big tech is addicted to debt (the company’s, customers and the investors) in exchange for high levels of growth. Now debt is expensive.

Companies that actually produce value like Microsoft, Amazon, IBM, Apple, etc. will hang around but I don’t have high hopes for a lot of the random Silicon Valley companies, or really any random companies that aren’t actually generating enough income to cover their expenses yet, especially when spending slows.

No lol it's with IBM Federal

There are no answers better than MSFT/GOOG (and NVDA, TSMC, etc).

All the companies involved in the latest AI breakthroughs are private startups (OpenAI, Stability AI, etc). The other organizations involved are big tech company research labs (GOOG, MSFT, FB, etc) and research at universities.

People looking for random companies to invest in ("looking for answers") is how you get random companies that have no involvement in the latest AI breakthroughs, but use all the right AI buzzwords and/or use older AI technology, getting hyped up. In the past, IBM was an example of this with Watson.

As an aside, someone else mentioned investing in Bay Area real estate which is pretty funny and might even work.

Really, if you have a 2012-13 year old car with less than 50K miles, it's not really a junker. I'd probably keep full coverage on it. Engine tech hasn't changed that much since 2013 anyway. You will probably need to work out your cost per mile to 180k... you will find you have some driving to do to get the value. I know I guy who works for IBM, mostly remote or close to the office. He has a Maxima that is at least 18 years old with like 70k miles, same kinda thing as you most likely. Never has had an issue. Original brakes still on it. Second set of tires. (Car looks new to me.)
I put about 3000 miles per year on my personal car, so realistically it spending a ton on a car I drive 2-3 times a week seems crazy. I have another car I haven't run in several months. With remote work who is buying a $1000 Tesla so that it can sit in the driveway collecting dust?

Good question! So, I don’t want to dox myself, but let me point out some green flags to look for in companies with healthy data operations.

• Companies touting AI technology should be able to describe how the models are leveraged by management to make smart decisions. For instance: “we use cutting edge AI technology!” is buzzword BS. “We use language processing models to direct your complaint to the right customer specialist quickly” is good, valid, and a very hot use case right now.

• No company will divulge their entire tech stack to the public, but good companies will have public-facing employees who are clearly in charge of managing it. Whichever team DS falls under, usually IT or R&D, should have an SVP or executive with prior experience managing a data team.

• Competent companies won’t use buzzword terms. Look at the StableDiffusion site. Absolutely no mention of terms like “state of the art” or “cutting edge” in their introduction, just a direct technical description: “SD is a latent text-to-image diffusion model (description) capable of generating photo-realistic images (use case).”

Hopefully this is helpful - this should help identify companies using it for actual things vs. using it for vanity. Im a big fan of IBM and Nvidia because, along with investing heavily in well-known AI technology, they also build the machines used in the industry.

• Jef Bezos - rich parents
• Mark Zuckerberg - rich parents
• Elon Musk - extremely rich parents
• Bill Gates - rich parents plus mum sitting on the IBM board
• Trump - rich parents

And any other guy who dropped out of Hardvard/Yale/Stanford also had rich parents because you cant get into this schools without rich parents.

Just looking at PPSIX, I vote it is crap. Why? The price has never hit $11.50 per share. it just pays a dividend. At 8.35 it is GUARANTEED to not double based on its 20 year history. It also has a 1.03% expense

Pays a nice dividend but gives you no chance at appreciation. Yield is 5.46%.

Her income will be $10,920

her income is pension, annuity, social security. No other investments? No mutual funds or stocks held in a brokerage or something.

She still has 20 years of life left, maybe more. Plenty of time for stock appreciation.

I would open her a brokerage account at an online brokerage with low fees. As in free to buy stocks.

In that account BUY $50,000 worth of each of these DOW 30 Stocks, the BLUEST Blue chips

IBM yield 5.31%

DOW Chemical yield 5.41%

Walgreens Boots yield 5.89%

3M yield 5.94%

In 20 years, the stocks will probably double or triple.

Have the dividends from the account deposited into her checking account. More income for her, and probably stock appreciation.

IBM income $2655

DOW Chemical $2705

Walgreens $2945

3M $2970

Total income will be $11,275

Your expense ratio will be just about 0%

20 years appreciation

PPSIX it goes to $10

Value of fund $240,000

dividends earned = $218,400

The DOW 30 stocks go double

Value of brokerage account $400,000

Dividends earned = $225,500

Microsoft, Google, Facebook, IBM, Nvidia, basically anyone developing the tech or things to support it.

IBM & NVIDIA are my primary AI plays.

Just put a bunch of money into a brand new IBM

Yea I think it’s mainly the idea that things should be a little better for every generation. My grandpa worked as an assembler for IBM for 30 years. Stay at home wife, 11 kids and a house. He died years ago but my grandma still gets a full pension until the day she passes.

I fear it is a fad. It has been ~60 years well understood technology. Only recently there is more digital data mining and look in big data applications developed. Several fields already suggest data collected are not useful. AI is not yet working. Poor medical images, biased diagnostics. Professionals need to start collecting data over for many years before people can use them effectively. On merchandise, searching it is very useful. There are some software companies may come up absorbed by Google, Apple, Meta and some semi-chip companies. One does better with big guys. Do you know IBM and even AT&T have most patents in AI?

You know the first 4 on the list signed an agreement to share AI research between each other in 2016? I reckon that why they all dumped so many staff at the same time (as well as over hiring of course). Apple wasn’t part of the group and haven’t made lay offs. Maybe the big 4 are implementing AI on a big scale and covering each others suspiciously large lay off numbers by all doing it so it seems normal.

IBM was also part of the big group back then who also made mass layoffs recently.

Any book on lean software.

There was a good one from an IBM author about a tracer software but can't recall the name.

IBM’s Watson just entered the chat…

It's fully remote with IBM Federal. It'll also come with a security clearance. I'm making $60k now with a year of experience but can't get anywhere with other applications.

It was IBM and one I forgot.

It looks that way.

I went through this during the dot com. Lost -35% at least. I kept a few like MSFT, IBM, INTC and dumped funds similar to ARKK, Chewy. MSFT took me 16 years of waiting to recover, INTC ~ 8 patient years. My IBM actually prospered and splitted.

Having lost faith in stock market all together, I bought iBond in 2001 and opened an annuity. Rest in cash. Having more time focus on health and well being and not have to check on stocks is actually a relief. Use high interest to supress inflation will make stocks less attractive and the returns from stocks to be less appealing. Borrowing cost hurts earnings. My best investment after the 2009 subprime mortgage were paying 5-9% annual interest in munis and convertible bonds. That includes a convertible Tesla junk bond. It will be one year +9 and next -7%....

I can't wait until IBM introduces the quantum wallet.

IBM IS A SHIT BOOMER STOCK

So was IBM at one point, being big isn't magical protection against market forces.

AMZN is treating their money making employees like shit now. No one with an option would choose to work there. They're going to see the slow IBM-like decline going forward. Bearish.

Good luck with it. It seems pretty abusive that a company as big as IBM gets to just abuse the income market for states with low median income, even though you're doing the same work as someone working remote from a different state.

going through the clearance process for $50k and a geriatric name like IBM is ... i don't know. good luck bro.

It's actually based out of Alabama, it's through IBMs federal contract arm. I figure IBM on the resume and a clearance could be a good deal.

You have 6 ETF’s. Some overlap each other and your holdings. JEPI is loved by many but I’m not a fan. I’d try to simplify my ETF approach and narrow it down to 2-3. Perhaps VTI/VOO/SCHD.

There’s also things like AMC and APE which is a waste of capital imo. IBM is already on SCHD. I’d also let go of ACN, PUBM, CRWD, RBLX and EFG. Again, I believe that capital may be useful elsewhere.

Kind of a tech heavy portfolio with quite a bit of overlap and more ETF’s than you need. I think you should consider exposure to consumer products and food. Like Heinz, Kroger, Procter & Gamble or CocaCola. They’re solid businesses with good yield and healthy demand.

That’s my take.

Business Insider Article, Apple, MSFT and how The S&P hasn't been this dependent on two stocks since 1978 (IBM, ATT)

Not sure, but this probably isn't a good thing.

https://markets.businessinsider.com/news/stocks/apple-microsoft-stock-market-weighting-sp500-dominance-index-aapl-msft-2023-3?mc_cid=236ba27187&mc_eid=cb3f817cfa

IBM

!remindme! 7 months

IBM 6% dividend on dip.

!remindme! IBM 6% dividend on dip.

AB - hasn't done well and is structured as a partnership. I'd rather BX or KKR as alternatives if you want to own an asset manager for some reason.

BSM - also a partnership

APE - no

AMC - no

IBM - 7.9% - not sure why you'd own this at all or especially this much of an allocation.

On a case by case basis, maybe.

>IBM was doing poorly. Akers was under pressure and, in early 1993, announced his resignation. Lou Gerstner was his replacement. IBM held a press conference on the day Gerstner assumed control. Gerstner, who was wearing a very unlike-IBM blue shirt, told the audience of reporters that he had the courage to take tough steps. That is what I wanted to hear. I decided to seriously consider making a large investment in IBM’s shares. >My analysis was roughly as follows. I estimated that that company had about 60,000 more employees than needed and that an average employee’s compensation (salary and benefits) totaled about $85,000. Therefore, I concluded that Gerstner might be able to reduce costs by $5 billion. After taxes at a 32 percent effective rate, the cost reductions would add about $3.4 billion to net earnings, or about $1.50 per share based on the 2.29 billion IBM shares that were outstanding. Before nonrecurring charges, IBM was roughly breaking even at the time. Therefore, I estimated that the company’s current earnings power would be about $1.50 per share pro forma a $5 billion reduction in costs. I further estimated that the company’s revenues would grow at a 5 percent rate and therefore that IBM’s earnings power in 1995 could be about $1.65 per share. When we purchase a stock, we are interested in what the company will be worth two or three years hence, so the $1.65 was an important number.

>In order to check the reasonableness of earnings estimates, I often like to use two disparate methodologies when projecting earnings – and then see if the two methodologies reach similar conclusions. In the case of IBM, I decided to also use the following thought process. The company’s revenues in 1993 were expected to be about $63 billion. Assuming a 5 percent growth rate, revenues in 1995 would be about $69 million. Based on my experience, I estimated that an efficient manufacturer of computers that was operating in a competitive environment might have after-tax profit margins of 5 to 6 percent. Based on this methodology, IBM’s after-tax earnings power in 1995 would be $3.5 to $4.1 billion, or $1.50 to $1.80 per share.

>I decided to use $1.65 as a single best estimate of what IBM’s earnings power could be in 1995. Finally, to value the shares, I assigned a multiple to the $1.65. I believed that IBM’s quality and growth potential were somewhat below average. Since I believe that an average company is worth 15 to 16 times earnings, I valued IBM at 12 to 13 times earnings. Thus, I estimated that, in 1995, the shares would be worth $20 to $21. I knew that my projections of IBM’s earnings and values were nothing more than best guesses based on incomplete information. However, having the projections to work with was better than not having any projections at all, and my experience is that a surprisingly large percentage of our earnings and valuation projections eventually are achieved, although often we are far off on the timing.

>IBM’s shares were selling at $12 at the time I completed my analysis in May 1993. Over the next two months, I purchased a substantial position in the shares at an average cost of about $11.5.We usually purchase stocks because we believe that one or more positive changes will trigger a sharp appreciation in the price of the stocks. In this case, we hoped that IBM would announce a definitive plan to substantially reduce its costs.

>On July 28, Lou Gerstner announced a plan to reduce employment levels to 225,000 by the end of the year. About 85,000 employees, or slightly more than 25 percent of the existing workforce, would leave by year-end. Several months after the announcement, both Lou Gerstner and his cost-reduction program started to gain credibility on Wall Street. In November, IBM’s shares started to appreciate. By August 1994, the shares were selling at about $151⁄2. By that time, the common wisdom on Wall Street was that Gerstner’s cost-reduction program had been successful. It appeared that the company would earn about $1.25 per share in 1994 and materially more in 1995.

Guugle is getting disrupted as hell, in 2030 this IBM like stock won't be the same as we know it, bit by bit they gonna be Yahoo'd and Intel'd.

See AT&T with WBD or IBM and KD, it would be similar.

20k on IBM Puts.

LMAO yall saw that post of the depression cycles on wsb frontpage right? well it's predicting the next big crash happens around 2035.

Just saw veritasium's new youtube on quantum computing (amazing and informative video btw). it shows that IBM quantum supercomputer will reach enough computing ability by 2035/2036. I've time stamped it but yall should check out the whole video

https://youtu.be/-UrdExQW0cs?t=1057

Cloud gen dev here; I've never touched a thing that wasn't on the cloud. (Apart from my own PC, of course.)

AWS and Azure are pretty much the only thing many engineers in my circles will even touch.

Most of them refuse to even learn GCP due to the reputation that Google has built in terms of lack of human tech support and killedbygoogle.com. I can be on a call with someone knowledgeable from AWS in a few days, and we're not even on the the highest support tier. Does GCP even have a support team? Maybe they do, but nobody I know has tried GCP, so I'm just going to assume that they don't and risk my own job by picking GCP for a project.

Oracle/IBM/whatever is used in companies where execs got nice kickbacks from the sales guys. Heroku, and DO have their uses, but offer limited products so more and more companies are migrating away (one of my contracts last year was to move someone from heroku to AWS).

People who don't want to be married to the cloud are still using Hetzner etc. Some of my friends and I are watching how Basecamp's migration away from the cloud is going to go - there's still not enough data, and thankfully they're giving periodic updates. It's unlikely to reverse the cloudification of tech anytime soon, but if it's a successful project large companies may want to stay off the cloud, who knows. 🤷‍♂️

TL;DR- Yes, AWS and Azure absolutely deserve their marketshare.

I worl at IBM and everyday I see layoff in the headlines I shit myself, thinking oh shit my time has come

Rate my portfolio, 27 years old

SPY - 21.6% QQQ - 17.9% IBM - 7.9% EFG - 6.2% AAPL - 5.7% AB - 5.1% MSFT - 4.4% AMC - 4.4% SCHD - 3.6% BSM - 3.3% ACN - 3.1% JNJ - 2.4% JEPI - 1.9% VTI - 1.9% CRWD - 1.8% RBLX - 1.7% MRK - 1.6% AMZN - 1.6% PUBM - 1.5% APE - 1.4% O - .8%

What does everyone think, I know it’s a little all over the place. Looking for some help on how to improve my portfolio thank!

Lou Gerstner, IBM, let go 60,000 skills employees from November 2008 through March 2010. The net result was productivity increase and IBM stock split 4X.

Clearance and IBM on the resume would be good though I feel like.

Got an offer for a full stack position that comes with clearance for $50k (IBM position). That sounds good, except that it's $10k less than what I'm making now, fuck that sucks.

I'm bullish on Tesla. Notwithstanding Musk's silly Twitter distraction, Tesla makes a solid electric vehicle. I can already tell you what is going to happen with all these American-made electric vehicles: The CEOs all told their firms that they "WOULD" be making electric cars this year. Feedback from the ground up about technical issues was met with "WE WILL MAKE A CAR THIS YEAR". I'm betting my money that over the next few years you're going to see these premium, over-priced cars fail. Some already have. Many more will. People will learn that if they want an EV they need to get a Tesla. And while other automakers will learn to make them over the next 10 years, the damage will be generational. How would you feel if you had purchased an EV for $70,000 only to find out it had a two year life before major repairs and problems made it nearly worthless. That is what is going to happen IMO. I've seen it too many times before form other companies from IBM to Microsoft. Products issued to meet a deadline that were not ready. It's one thing when you buy a $3000 computer. Quite another when your personal vehicle at $70K doesn't work right.

Sorry for the long post. Just had to share where I think things are going. I know it will be a long-term wait.

Oh, and I realize you see everytime a Tesla hits a bump in the road, but keep in mind the leftwing media hates Musk, so they tell you every time something goes wrong with a Tesla. But you're not going to read about it when something goes wrong with a Ford EV or a GM EV. Ultimately car buyers will get results from consumer reports or Edmunds and will base their purchases on that info, not on what the NYT or Washpo have to say about Musk/Teslas.

Have you seen non MBA becoming executives? Samuel Palmisano of IBM started out as a salesman and went onto become the CEO. He never had an MBA nor he was he from STEM background. Sure, just a history grad from Johns Hopkins

Funny this thread mocking big tech while massive bank stocks going to 0 over the weekend.

At least CSCO, TSM, AMD, AAPL, GOOG, IBM , FAANG have tangible products and cash flow. I expect large cap tech ETF (VGT) to go up 10% this coming week while banks tank (KBE/XLF).

I resigned from Amazon the other day! My opinion is based solely on working conditions and public data. I could never be fucked to pay attention to internal company info outside of my specific technical domain. I don’t even know what is in the data I handle, because there is too much of it and its content isn’t my problem.

Jassy is a terrible CEO. He came up from AWS, and so did all of his leadership. He does not know how to do anything with any other part of the business besides replace its leadership with AWS cronies and siphon its money into AWS by giving it new “initiatives” with no real upside but massive cloud bills. Twitch, for example, will never be profitable, but all of its infrastructure will become ruinously expensive AWS shit to support a long series of ill considered projects. It is what happens to every AWS subsidiary— including retail.

I have no idea if Amazon’s internal politics have always been batshit, but work conditions for the people who generate value are intolerably bad. They cannot possibly retain us. We spend more energy dealing with organizational chaos etc than anything else. It is possible this model worked for AWS, where two hundred weird product launches with ten profitable was, for a long time, a net win. Just be brutal and give teams a lot of weird autonomy and high pressure. All that low hanging fruit is gone, or possibly the types of people who could pick legitimately clever projects are.

The only hard part is timing the company’s decline into a dinosaur like IBM that exists solely on revenue from customers who cannot find a way to get off of AWS products. At some point the market will figure out that this is happening, and on that day you want to be extremely short, but it is unclear when that will be. Amazon’s mythos in the business world is so extreme that they may have to lose a shitton of money all at once in a visible fashion before it occurs.

Yes and IBM, Microsoft, Nvidia

But those already huge market caps and PE's I want something under the radar

The people who invented and innovate have never been compensated in the way you're pretending they have/should..

It's CEOs / corporate that take the lions share when the actual creators are more often than not completely taken advantage of... IBM has a crap ton of patents - those scientists and engineers are not pulling in billions and maybe a few million by the end of an epic 40yr+ career for a select few.

> If you’re at 1 mile in the race and you’re trying to catch the runner at 5 miles

Tell that to Intel, IBM, Microsoft and a bunch of other companies...

One can come up with an overall beta from each stock. In this market having beta=1. in 2022 you lost -19% (SPY yearly return). It would be square root of sum of the squares of all funds with a % weight for each stock. If one holds cash or bonds the value is close to zero.

Beta(risk) values for some common stock/funds

Tesla 2.07

Meta 1.21

JNJ 0.53

KO 0.53

IBM 0.85

Gld 0.14

It is harder to downsize big companies. IBM laid off a bunch of engineers and created oversea job for fraction of US pay. In two years it had more employees than before downsizing.

Buy and hold said the investors holding CS, INTC, CVS, T, IBM, F... 😂

Bill Gates was in Armonk, NY negotiating a deal to license MS-DOS to IBM for the launch of the IBM PC. During the meeting with product managers and low-level managers from IBM the Chairman-CEO of IBM walked in.

“Hi, Bill, good to see you! I hope that we can work together on this! Say hi to your mom for me.”

The Chairman of IBM and Bill’s mom were on the board of the US Red Cross together. Bill got a VERY good deal from IBM.

I work in big tech and I would be very careful which tech stocks you hitch your wagon to. IMO it is a changing of the guard similar to what we saw in 2000 (ex: IBM/Cisco/etc). Sure some of the current giants will continue to thrive, but a few of them will drop off and new ones will rise. It is so insanely inefficient that I honestly do not know how anything gets launched.

I’m wondering if there might be some sort of class action suit against SVB/ its executives? My background is NOT in finance, but I’m just wondering this based on Tesla, IBM, Dutch Brothers, etc getting sued. Your situation is a little different because you had bonds (or did they buy stock shares?). If I were in your shoes, I would regularly google to see if there’s a class action law suit. If there is, they will probably reach out to you anyways. You probably won’t recoup anywhere near what you lost, but you might get something. Again, my background isn’t in finance or law (it’s in science), but I’m guessing some attorney will come out of the woodwork to do a class action lawsuit because we live in a litigious society.

I don't support all crypto. There's many scamcoins/memecoins/shitcoins.

But BTC derives it's value from proof of work. So work goes in (solving algorithms) plus cost of energy. There will only be a certain number, limited supply. Creates value off the work. Makes it a digital gold bar, store of value.

HBAR (Hedera Hashgraph) is proof of stake, and is based off velocity model. More transactions = more demand = higher value. Considering it's got massive companies behind it (Google, IBM, Dell, Boeing, T Mobile, etc etc etc) who are all building on the platform, transactions will be flying when their dApps come online. Add in the CBDCs being piloted in Africa, the Caribbean, Australia/NZ, Swiss, and in talks with the US.... Shits gonna pop.

I imagine there are many people like me who bought bitcoins in an attempt to use silk road. $50 bucks got me around 125 btc and i gave up/got scared on buying from silk. All the information was on a 486 ibm tower that i brought from home to college, threw it right in the trash when i moved one time...smh Its upsetting but ive made my peace...what else can i do :(

Rometty (ex IBM CEO) is on Bloomberg about her take on the collapse of SVB.

Well, she’s an expert at failures and fucking things up.

https://www.ibm.com/topics/benefits-of-blockchain

https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/benefits-of-cryptocurrency/

I knew there was something fishy about this economy when IBM hasn’t gone bankrupt yet

Gonna get downvoted for this but I will never ever invest in IBM purely out of their involvement with the holocaust

oh hell, all of the kids in my office did that. Some things I wouldn't expect twenty-four-year-olds to know. Like tweaking a legacy application written in old version of COBOL running inside an MVS/ESA guest on an IBM z14 running Z/VM.

First I made an error, the extrinsic value of the 610, is showing this weekend as 9.40. Until it gets towards .50 no one is going to exercise (assign to you).

There is nothing to do with the trade. Defined risk trades do not have strategies. The Yahoo's here , without trading accounts will babel about Futures Offset. Really, so you sell a future, the market goes up BIG and instead of being out 21k you keep your premium, but lose 60k, on the futures. This was a DEFINED RISK TRADE. The only mistake is you went too big.

My advice is either wait or make it into an Iron Condor 620/635 Call on Friday ...5.35. This will not require any more margin since you cannot lose on both sides.

Get a real broker with some tools like Tos. This is what an IC might look like , but if the Stock goes down so will the price of the Call Spread. Whatever you do , DO SELL A CALL BELOW 610 FOR THE CALL SIDE, SINCE THEN YOU WILL LOSE ON BOTH SIDES.

https://www.screencast.com/t/nIBmVwn7

Liquid Swing trades . IBM , V , AAPL ,BTBT , Boil ,CPE , 60-120 days out . Good luck

Who ya got? Tsla ripe for a dump. IBM. Oracle

Intel already fabricated their own chips. The difference is that they are now planning to offer it as a service to other companies as well, similar to TSMC or Global Foundaries (formerly part of IBM).

No ticker I meant it’s a subsidiary of IBM. essentially one bank account but they spread the risk using multiple fdic insure banks.

Promontory bank, that’s the solution for most business accounts. Look it up. IBM company.

But if you hold, say $1 million in IBM stock at a broker, and the broker goes under, you still own that stock.

Hey Al, I heard bad news is coming - sell the rest of my ibm and ge stock. And also that super risky high tech microsoft stock

This is atleast partially a consequence of allowing the so much of this sector to be relocated overseas. You can't just snap your fingers and come up with a large talent pool of highly-specialized engineers, technicians and support staff that run a modern chip fab. It takes decades to develop.

It's been a long time coming. In my community, IBM divested from its chip fab and it was sold to a private company run by the UAE of all places. The workforce was cut to the bare minimum to operate the line. Older engineers with dozens of years of experience retired, but they hadn't mentored a 'next-generation' of workers to do their highly technical work.