December 9, 2006
SouthAmerica: The latest issue of Barron’s (the issue dated December 4, 2006) had a cover story “The New IBM” – and the headlines also said: “Big Blue’s shareholders have been blue for the past few years. But the tech giant has a new strategy, focused on software. Best of all, it’s working.”
They also had a chart under the title “Changed for the better” with the following info:
Hardware & Financing = 27 %
Software = 20 %
Services = 53 %
The article implied that today the service area is the major source of revenue for IBM – about 53 % of total revenue.
What the article does not highlight is that IBM’s major business today and the major source of money is “IBM the Outsourcing Company on Steroids.”
The major product IBM has to offer today to the world is: IBM is a major exporter of good paying American jobs – they export jobs from the US market to foreign lands.
IBM the Outsourcer on Steroids is outsourcing a massive number of good paying American jobs to cheaper locations around the world including India.
IBM the Outsourcer on Steroids does not export to other countries only IBM jobs; today IBM is also outsourcing thousands, and thousands of good paying American jobs from many other major American corporations as well.
If you have IBM stock on your portfolio I would suggest that you dump it ASAP.
Because some day in the near future “IBM the Outsourcer on Steroids” might outsource your job, or the job of a friend, or of a member of your family to a foreign land. Remember the major source of IBM’s revenue today it is from exporting good paying American jobs to foreign markets.
In March 2005 Brazzil magazine published my article about IBM and outsourcing – “Outsourcing is ruining the US and Brazil’s economy”
I don’t know what is necessary to happen for Americans to wake up and realize that IBM is in the business of exporting a massive number of middle class jobs out of the United States.
Many Americans have the illusion that IBM is an American company and they would not do anything to hurt the American people.
If you are so foolish to think that way then you better wake up before it is too late – IBM just cares about the bottom line and many of the actions that IBM has taken in the last few years speak volumes about IBM’s values today.
You can bet that caring about the United States and the American people is not one of them.
Here are some clues:
IBM has been a very profitable company, but they got greed and they want more – look at what they have been doing over the last few years to their employees benefit programs including pension, health insurance, and so on...
IBM just had their annual meeting in India for the first time – They are trying to say something to Americans since they always used to have their meeting in the New York Metropolitan area, but today India it is more important for IBM’s future than the old USA.
Today the United States it is important for IBM only as a source of good paying jobs that IBM can export to foreign lands.
Today I would not buy an IBM product even if it were the only product available to me.
I wonder if there is anyone or any organization in the United States keeping tabs on how many jobs “IBM the Outsourcer on Steroids” is exporting from the United States to other foreign lands - not only IBM jobs, but also jobs from other companies located in the USA. (I would not be surprised to find out that IBM is exporting millions of good paying American jobs to other countries.)