This page permanently redirects to gemini://gemini.techrights.org/2023/07/10/ibm-debt/.

● 07.10.23

Gemini version available ♊︎

●● Graph of IBM’s Debt Helps Shed Light on the Red Hat Squeeze

Posted in IBM, Red Hat at 8:52 am by Dr. Roy Schestowitz

Let’s see how IBM is doing at the bank by examining debt. The following are deficits and totals (running sums), not savings.

Long Term Debt ($53.826 billion in March):

=> ↺ Long Term Debt

Image: IBM Long Term Debt 2010-2023 | IBMBuying Red Hat was like paying for a ‘trophy’ while burying the “legacy” parts (Kyndryl) and selling some to China (Lenovo). Notice how debt grew.

Total Liabilities ($111.964 billion in March):

=> ↺ Total Liabilities

Image: IBM Total Liabilities 2010-2023 | IBM These are liabilities. Squeezing Red Hat customers (RHEL/CentOS users) for money is classic IBM, being a company that — despite many people forgetting it or not knowing it — extorts clients through lawyers.

=> Squeezing Red Hat customers (RHEL/CentOS users) for money

Summary: The media does not often talk about the debt of the dying giant. IBM’s total liabilities for the quarter ending March 31, 2023 were $111.964 billion and long term debt for the same quarter was $53.826 billion. Like many other companies, IBM is buying back its own shares, faking stability and “growth”. IBM has not been a ‘household name” or even prominent in business for nearly two decades already, so its contemporary existence is largely speculative and the company still makes a lot of its revenue by (software) patent blackmail, using patents that last 20 years.

=> ↺ the debt of the dying giant | ↺ buying back its own shares | makes a lot of its revenue by (software) patent blackmail

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.

Permalink > Image: Mail

 Send this to a friend

=> Permalink | ↺ Send this to a friend

=> Techrights

➮ Sharing is caring. Content is available under CC-BY-SA.