[owenversteeg]

I agree. Meanwhile, the IBM stock is up 1,320% since 1993. At one point it was nearly 2,000%.

That's the problem with playing the stock market: you've not only got to be right, you've got to be right at the exact right time or you'll get slaughtered.

[Someguywhatever]

IBM are really masters at managing their share price, with buybacks and strategic announcements (like Watson), ultimately they still only make mainframes and support legacy products mostly. Nobody really uses their second-rate cloud. So mainframes/services and dragging out government contracts are really where it's at for them.