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IBM is making money?

Business Update


 IBM is making money – how? Evidently it’s a combination of execution, high end software sales and cuts. It smells bad – a good business reporter should be able to dig something up on this. There is little market for high end software -- no market, at all, for service contract extensions, and cuts are cuts. Not sure what they are executing, but doubt it can last -- or be real in the first place.

 Apple – any analyst that thought they wouldn’t make their forecasted earnings should be defrocked – it was that obvious.

 Best Buy – forecast that they will drop earnings from $2.70 to $2.50 in the next quarter. They are crack heads in a time machine set to 2006 if they think that’s going to happen.

 Amazon earnings up – between them and Craigslist, EBay is doomed in a marginal, large supermarket kind of way. EBay is an example of a company throwing the goose that laid golden eggs into a jet engine after freezing it to death.

 Big banks – most are dead husks of themselves and will fall (on something, probably) when the next wind blows. They are living examples of the big hole that each of us carries inside ourselves that cannot be filled with food or drink – or twenties that reach to the moon and back.

 AMD – a nice boutique design firm that sells cheap knockoffs in strip malls – A porn starlet that wants to break into pictures. A whore with a heart of cranberry sauce – doomed unless a collector adds them to a sand filled tarp covered museum or thrill ride.

 The last of the hedges will fall when the second big hurricane hits Florida next year. – They have bet against it big time –just in case you wonder how some of them made money last year.

Update 2018 - I was wrong about all of this, except maybe IBM, a little.

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