Richard Petersen
Richard Petersen
biggest business driver earnings good
The biggest driver to earnings is always software. If that business does better, that's good for IBM.
army-and-navy duty job moving officer targets truck
I have a job to do, I'm an officer in the Army, and I've got my duty to do. We're truck drivers, we're targets -- big moving targets -- and it's scary.
adverse appears bad currency effect looks obviously people slightly top
Currency appears to have had a slightly more adverse effect than most people thought. If that's the case, it's not as bad as it looks on the top line. Obviously currency is something out of their control.
needle time tough
A lot has to go right at the same time for the needle to get moved. That's why it's a tough stock.
earnings line margins mixed overall top worse
It's overall a mixed bag. The margins on the earnings were better than expected. The top line was worse than expected.
clearly global moderately negative signal spending tech weakness
Part of the weakness has to do with global IT demand. This is a moderately negative signal about the tech spending outlook. But it's clearly more than just IBM.
attractive based convinced flow gives industry opportunity remain remains strong stumble
While the stumble gives us pause, we remain convinced that the longer-term opportunity remains attractive based on strong industry fundamentals and cash- flow generation.
There are too many competitors and an overcapacity.