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Re: Poor Man - post# 496407

Tuesday, 07/19/2022 8:46:11 PM

Tuesday, July 19, 2022 8:46:11 PM

Post# of 709898
Yes, the breakup was the beginning of the shift, after a little lag and changing of the guard. I wouldn’t assume it’s going to end necessarily. Reinvention is possible and as a major defense contractor CEO once commented to me, “you guys collect an awful lot of quarters.”

I worked at IBM prior, when it was under government pressure with the anti trust. IBM stood its ground but has undergone something like 3-4 reinventions of itself including the current one which appears to be showing traction with yesterday’s income and revenue beats. (The dollar strength and exiting profitable Russian business can’t be held against them imo.)

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