IBM's Selloff Overlooks the MIPS Meter

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By now everyone knows about IBM's version of a "Terrible, Horrible, No Good, Very Bad Day" that saw its stock take its worst beating ever, even worse than 1987's Black Monday. Driving the 25% stock plunge was the company's warning that mainframe revenues would miss expectations because customers had opted to cancel or at least postpone orders to lock-in purchases of memory, servers, and storage ahead of anticipated AI-driven prices increases for those it...

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