January 30, 2023 Timothy Prickett Morgan
Back in September, when Blue Blue took a huge write-off to offload some of its pension and retirement burdens to an independent third party, it posted a pretty hefty $3.21 billion net loss. But IBM’s underlying business was functioning about as well as it could under the circumstances and it was reasonably profitable and looking ahead to pretty good Power10 and System z16 upgrade cycles. We forecast that IBM would actually grow revenues for Power Systems for 2022, and according to our model, IBM indeed has done it.
And by a much larger margin than the company has grown overall, …Read more