From the introduction of an extensive and timely IBM reality check
"This recent quote from a “former IBM exec who spoke on the condition of anonymity” prompted revisiting the company and again asking some questions about their business model and future prospects:
“Realizing this, IBM’s become a holding company of sorts, buying assets, integrating them and reselling them as an IBM brand.”
“IBM does not want to fund its own development because past history shows we’re not very good at it.”"
IBM: How Much Longer Do the Good Times Last? | Platformonomics
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