#financialengineering
#ibm #financialEngineering #cookingTheBooks #Kyndryl "Amazing balance sheet gimmickry by IBM CFO & accountants! Basically, they dumped all of their losses onto this unit & spun it out, knowing fully well, it will squirm & shrink for many years, if not crash & burn outright!" https://www.thelayoff.com/t/1daWjRmT#replies
New: #financialEngineering (cheating shareholders) at #ibm "new reporting structure if followed thru with effective management was needed badly. They dumped 25% of the revenue but only gave up 1 billion in free cash flow (Not a bad trade)" https://www.thelayoff.com/t/1d9MMFw9#replies
1 hour ago on #ibm #layoffs and #financialEngineering (cooking the books to mislead, i.e. defraud, shareholders): "Vapourware is missing." https://www.thelayoff.com/t/1d9MMFw9#replies
5 mins ago on #ibm #financialEngineering a.k.a. cooking the books to defraud shareholders: "Doesn't matter how you stack the textures or colors. A tu-d sandwich can only be a tu-d sandwich" https://www.thelayoff.com/t/1d9MMFw9#replies
#ibm #buzzwords #collapse #financialEngineering (the #microsoft buckets game!) "Odd that the re-naming removed all mention of AI (Cognitive) and Cloud. I thought we were maniacally focused on HEY HU and Clown." https://www.thelayoff.com/t/1d9MMFw9#replies
New: "Remember Last Q ibm spent almost 2B to buy companies to show a slight growth in revenues. They'll do the same this Q to show how c&c revenue is growing. It's a joke if they need to spend this much after spending on RH." https://www.thelayoff.com/t/1d7cgO15#replies #ibm #redhat #financialEngineering #buybacks
#ibm #financialengineering : "I believe this fellow is reading the tea leaves correctly and has also incorporated AK’s going forward strategy Low growth ends up in #Kyndryl , or spun off. It’s all about margins and growth rates" https://www.thelayoff.com/t/1cXJ0Q7J#replies