Last week’s IBM results was the 21st consecutive quarter of declining revenue! That is plainer English is 5.25 years of declining revenues in a row! That is bloody stupid. And all of that since Gin-and-Tonic Ginni Rometty took over as Chairman. Forget political correctness, she has to go. But, that aside.
It is time to stop being sentimental and emotional about IBM mainframes — and this from one who loves IBM mainframes and made a living thanks to those big, blue iron. But, you have to be realistic. Mainframes, FINALLY, after 53-years are on their deathbed BUT will keep going, without any sustenance, for another 10-year, MINIMUM.
That is the beauty of the LEGACY business. The legacy will continue even once the ‘legacy-maker’ is dead.
Developing new mainframes and mainframe features is an extremely costly business. IBM should stop ALL mainframe development efforts forthwith.
IBM has a rich and very profitable revenue stream of mainframe leases, mainframe maintenance and mainframe software maintenance. That revenue will continue as long as IBM keeps the mainframe running — via just maintenance.
Remember when Microsoft Windows XP, Windows 7 etc. are end-gamed. But people, including I, keep on using those operating systems. Well, it is much better when it comes to mainframes.
IBM can end-game mainframes tomorrow and mainframes revenues will continue to pour in for at least 10 years. But, IBM can save many millions, maybe even a billion, on development costs.
So, mark my words.
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