Comment by JSR_FDED

Such a contradiction - world-class research, patents filed, etc. At the same time unable to stay up to date and relevant. After many years in the valley I joined them, thinking I’d learn how they ran truly global projects. Spoiler, it’s just chaos - throw people at it and when that fails throw more people at it. A giant red flag was when they decided they couldn’t compete in the commoditized x86 server market and sold off that division to Lenovo, for who it instantly became their highest margin business. IBM’s cost structure and bloat just meant they couldn’t compete in all but the most profitable product lines. Then came all the financial engineering like recasting their software as Cloud revenue.