More than once over the course of the past several months, I've cautiously touted International Business Machines (NYSE:IBM), cheering its overhaul, but lamenting the pace at which it was replacing its legacy businesses with more marketable products like AI and blockchain platforms.
Innately, however, we all know it takes a while for a battleship to turn around no matter how potent that battleship might be.
Gotta be honest though… the Q1 server sales reports from IDC and Gartner essentially agree that at least one of the company's modern businesses stillisn't doing well enough to get International Business Machines chugging higher at a respectable, meaningful pace. One can't help but wonder what othermodernization efforts are failing to get turnaround traction.
If this is going to work, IBM has to pick up the pace.
