HDRKID
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Jim Cramer says IBM is being crushed via amazon.
Cramer: IBM is just another company that has been 'Amazoned'
IBM Has Been Amazon'd (NYSE:IBM) According To Jim Cramer
Witness the fall of yet another american icon. The stock hit a 52 week low just now. It joins a long list of failing companies. Questions emerge on if it can survive.
TAKEN FROM https://www.forbes.com/sites/chuckjones/2017/07/21/can-ibm-break-out-of-its-rut/#11d3c10523e2
When you dig into IBM’s second quarter results you discover that it is another quarter of disappointment. Revenue of $19.3 billion was about $150 million below the Street’s estimate and was the 21st straight quarters of lower year over year revenue
Wall Street is losing patience with IBM as the company is expected to post another revenue decline
Friends, they are doing worse every year. I fear, there is no turnaround near.
Cramer: IBM is just another company that has been 'Amazoned'
IBM Has Been Amazon'd (NYSE:IBM) According To Jim Cramer
Witness the fall of yet another american icon. The stock hit a 52 week low just now. It joins a long list of failing companies. Questions emerge on if it can survive.
TAKEN FROM https://www.forbes.com/sites/chuckjones/2017/07/21/can-ibm-break-out-of-its-rut/#11d3c10523e2
When you dig into IBM’s second quarter results you discover that it is another quarter of disappointment. Revenue of $19.3 billion was about $150 million below the Street’s estimate and was the 21st straight quarters of lower year over year revenue
Wall Street is losing patience with IBM as the company is expected to post another revenue decline
Friends, they are doing worse every year. I fear, there is no turnaround near.