Money Magazine has a v
ery positive article about IBM at CNN on Friday. This is the kind of
positive publicity I was wanting when I wrote my embittered (and
retrospectively ironical)”Why I hate HP”
post in August. IBM, in spite of sluggish services growth in Q3 seems
to be firing on all cylinders and people (journalists and analysts)
really seem to like their decision to acquire software firms like a
squirrel preparing for a long winter (I’m still on the fence). But it’s
fun seeing positive things about good old IBM. Enjoy it while you can
because press attitudes can change overnight and it’s way easier for a
lazy journalist (or blogger as the case may be) to criticize than it is
to thoughtfully praise. I really like where IBM is right now
fundamentally. They are doing a very nice job of delivering short term
while showing great vision with investments, research and staffing for
the long haul.

A few quotes from the article:

IBM went on a software buying binge last year and analysts
think this was a good move.

“They’ve made some key acquisitions in the last year, and
they’re not overspending on them,” said Christopher. “They’re buying
companies with established businesses that aren’t too big, but that can
grow.”

“Internationally, they’re extremely strong - they’re viewed
as the gold standard”.

And with IBM trading at a discount to all of its top competitors, you
could say the same about the stock.

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