IBM (by) Design

IBM shares took a beating in the stock market recently when it abandoned a 2015 EPS goal of $20 set 5 years back by the previous CEO. Yet we at HfS believe the move was the right one. IBM’s leadership has now broken free from the shackles of an inherited goal. There is never a good time to make such a move and when one does critics will inevitably pounce. However the company can now focus its entire energy around navigating what is likely the most significant wave of disruption impacting the underpinnings of the technology industry in decades if not ever. This report explores where it is headed and why it is likely to get there.