so, you guys might've heard that ibm's stock just took a major hit - we're talking a 25% drop, which is pretty wild. apparently, their ceo, arvind krishna, made some comments that didn't exactly inspire confidence in investors. he basically said that the company didn't adapt quickly enough to the changes in the industry, specifically when it comes to spending on software versus data centre infrastructure.



i mean, it's not like ibm is a company that's super relevant to us as gamers, but it's still interesting to see what's going on in the tech world. and who knows, maybe some of you are into that sorta thing. anyway, the ceo's comments were pretty honest, i'll give him that. he said that the company's performance was "worse than our expectations" and that they "did not adapt and move quickly enough". not exactly the kind of thing you want to hear from the person in charge, right?



so, what does this mean for ibm? well, their stock price is now back to where it was in mid-may, which is around $215. it's already started to climb back up a bit, but still. it's not like the company is in danger of going under or anything, but it's definitely a setback. and it's not hard to see why - the industry is changing, and ibm is mostly a business-to-business software solution and consulting company these days. they do still have some foot in hardware, though, like that new sub-nanometre chip tech they announced.



i guess we'll just have to wait and see how things play out for ibm. their second-quarter earnings are set to be reported on july 22, soRead more: Full article on www.pcgamer.com

What do you think about this?