The central banks of the world, led by the European Central Bank and the US Federal Reserve, want to curb inflation and they are willing to cause a small recession or at least get very close to one to shock us all into controlling the acquisitive habits we developed during the lockdowns of the early years of the coronavirus pandemic. …
When IBM announced that it was acquiring Red Hat for $34 billion eighteen months ago, one of the things we said that Big Blue needed most and would get from taking over – but not messing with – the world’s largest commercial open source software company was a coherent story that it could tell to its customers about how IBM, which more than any other company helped define data processing, was still relevant to the future. …
Red Hat is coming onto IBM’s books at just the right time, and to be honest, it might have been better for Big Blue if the deal to acquire the world’s largest supplier of support and packaging services for open source software had closed maybe one or two quarters ago. …
The secret to the longevity of any big corporation is a nearly constant process of reinvention. …
When you look at IBM, it is as if you are seeing many different instantiations of Big Blue across time playing out in the present, side by side. …
For the past five and a half years, which is not quite an eternity in the IT business but is something akin to a half of a generation or so, IBM’s revenues have been declining, quarter in and quarter out. …
All Content Copyright The Next Platform