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Started By
Message
IBM taking a hit today, down 8%
Posted on 4/19/13 at 12:26 pm
Posted on 4/19/13 at 12:26 pm
Big Blue is off over $16/share at $190.60.
I added some shares to my existing ones when it was $14/share down.
Let me make sure I have this straight: buy high, sell low...right?
I added some shares to my existing ones when it was $14/share down.
Let me make sure I have this straight: buy high, sell low...right?
1
Posted on 4/19/13 at 12:34 pm to LSURussian
quote:
buy high, sell low...right?
that's my current position...
Tech seems to be all over the place this earnings season.
Posted on 4/19/13 at 12:54 pm to C
The DJ 30 is down about 25 points at the moment. IBM is responsible for -125 points on that index.
This post was edited on 4/19/13 at 12:54 pm
Posted on 4/19/13 at 3:31 pm to LSURussian
Any idea why IBM is down so much? The only thing I can find is that they missed earnings estimates but not by much. Something like $.05 out of $3.00 which is less than 2%. Their 1st Q earnings at $3.00 are higher than 1st Q 2012 by $.22 and 1st Q 2011 by $.59. 100 shares would cost me $19,000 so I’m out.
Oh, and here comes it’s down because I bought some.
Oh, and here comes it’s down because I bought some.
Posted on 4/19/13 at 4:59 pm to PlanoPrivateer
quote:I already owned some shares. I figured whatever is good enough for Warren Buffet is good enough for me so I bought when he did back in 2011.
here comes it’s down because I bought some.
quote:Yep. The only thing is it is the first time IBM has missed its targeted numbers since 2005. So, it was unusual...
Their 1st Q earnings at $3.00 are higher than 1st Q 2012 by $.22 and 1st Q 2011 by $.59.
quote:
100 shares would cost me $19,000 so I’m out.
I wish I had only bought 100 shares today as it turns out. Posted on 4/19/13 at 6:38 pm to LSURussian
Thanks for the reply. I can't believe I'm in the same thread with the name Warren Bufffet.
Posted on 4/19/13 at 7:26 pm to PlanoPrivateer
quote:
I can't believe I'm in the same thread with the name Warren Bufffet.
Don't misunderstand, Buffet bought 64 million shares of IBM back in 2011. I didn't buy quite that many.
However, it's a fact that Buffet and I together own an average of over 32 million shares of IBM.
Posted on 4/19/13 at 7:54 pm to LSURussian
quote:
However, it's a fact that Buffet and I together own an average of over 32 million shares of IBM.
Coincidentally, when combined with Warren Buffet, he and I also own an average of over 32 Million IBM Shares
Posted on 4/19/13 at 8:34 pm to Vols&Shaft83
Russian what are your thoughts on HPQ?
Posted on 4/19/13 at 8:36 pm to LSU0358
DOA
Posted on 4/19/13 at 9:36 pm to LSURussian
what is IBM's top source of revenue?
mainframes?
services?
licensing tech?
ETA: LINK / ..I didn't realize how much software they owned.....pretty impressive....
mainframes?
services?
licensing tech?
ETA: LINK / ..I didn't realize how much software they owned.....pretty impressive....
This post was edited on 4/19/13 at 9:40 pm
Posted on 4/20/13 at 9:42 am to Zilla
IBM's biggest revenue producer is providing IT outsourcing services combined with information consultative services. Hardware is less than 30% of its revenues.
That is what convinced Buffet that IBM has a future. Anybody can build a box and fill it with electronic components.
That is what convinced Buffet that IBM has a future. Anybody can build a box and fill it with electronic components.
Posted on 4/20/13 at 9:47 am to LSURussian
IBM owns a shitton of patents. They are #1 in patent volume every year.
LINK
LINK
This post was edited on 4/20/13 at 9:49 am
Posted on 4/20/13 at 9:56 am to gizmoflak
And you point is?
Posted on 4/20/13 at 10:05 am to LSURussian
$1 billion in revenue just from licensing IP
Posted on 4/20/13 at 10:07 am to gizmoflak
And a massive patent portfolio allows them to easily enter just about any new tech area they want with very little resistance from the other large players
This post was edited on 4/20/13 at 10:08 am
Posted on 4/20/13 at 10:15 am to gizmoflak
quote:So less than 1% of their annual revenues? And that amount represents less than 1/6 of IBM's R&D expenses.
$1 billion in revenue just from licensing IP
Again, what is your point?
Posted on 4/20/13 at 10:31 am to LSURussian
Posted on 4/20/13 at 10:44 am to gizmoflak
Okay, I give up. You don't have a point relative to Zilla's earnings question about IBM.
This post was edited on 4/20/13 at 10:52 am
Posted on 4/20/13 at 10:58 am to LSURussian
IBM has huge long-term staying power largely thanks to their undying devotion to R&D. Short-term hiccups are of little concern to IBM's brass. If you don't understand that, then I can't help you.
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