– IBM Stock Disappointed That Company Isn’t Firing A Mindboggling 110,000 (ZeroHedge, Jan 26, 2015):
Over the weekend, in a repeat of rumors that were widespread last year, Forbes ‘reported’ about Project Chrome, a massive corporate reorganization for IBM that would see Big Blue cull over a quarter of its staff – in real terms that means over 110,000 employees, as early as next week. IBM stocks surged higher on this ‘great’ news… and then, disappointment started as “the largest corporate restructuring in history” was denied by the company…
“IBM does not comment on rumors, even ridiculous or baseless ones,” a spokesman said.
“If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600 million charge for workforce rebalancing. This equates to several thousand people, a small fraction of what’s been reported.”
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Just think of the losty buyback opportunities…
breaks my heart greedy guts are disappointed……….
Is it simple re-structuring to meet the oncoming storm or something more sinister?
Their image is consistent with their services, but this article from Forbes 3 years ago doesn’t point to any downward trend.
http://www.forbes.com/sites/quickerbettertech/2011/09/13/where-the-heck-is-ibm/2/
More on Fukushima……brain swelling from radiation causing obesity to double
http://enenews.com/study-fukushima-serious-man-made-disaster-human-history-obesity-rates-double-japan-average-excessive-weight-gain-after-nuclear-disaster-marker-radiation-brain-damage
And, the bastards continue to pour more radioactive shit into our dying ocean
http://enenews.com/tv-govt-approves-plant-drain-fukushima-nuclear-waste-ocean-fisherman-trust-tepco-expert-completely-unsafe-impossible-remove-all-hundreds-radioactive-materials-video
Perspective
https://www.youtube.com/watch?x-yt-ts=1422327029&x-yt-cl=84838260&v=QPKKQnijnsM
IBM was built on blood money.