The Epic Rise And Fall of IBM

[@thomaswilke6312]

My high school economics teacher last year gave IBM as an example of a company that doesn’t sell to consumers anymore. IBM only now sells their products to enterprise customers

[@lincolnyaco5626]

WHICH IS A SUCCESS STORY--contrary to the clickbait title here.

[@Alpha_blossom]

my dad just retired from an executive position at IBM, they have a LOT going on behind the scene that isn’t sold to the average consumer, their customers include world governments and major organizations. Everything from software security to national tax systems. Just because the logo isn’t in all of our houses doesn’t mean they failed.

[@screwcollege8474]

idk what they do

[@prasun838]

@@screwcollege8474 why do you hate college :) just asking

[@JD-vj4go]

Yeah this is a dumb video. IBM is huge and tons of big companies still run on IBM hardware and software.

[@aicc4503]

I agree

[@bigcncguy]

This, my aunt is there and half a country would fall apart without IBM software

[@nadeemchaudhry6585]

Great video I used to work for IBM in the early 90's just when the rot started to set in and senior management realised the company was going down. Based in London, we had a very senior suit (Gerstner's right hand) come over from Albany to tell us we all need to start saving money etc, etc... The irony was, he flew over in a private jet (this was the 90's, so very costly) to lecture us on cutting back on travel expenses etc....

[@phoenix5054]

Well, this is a long protracted downfall. It’s been 30 years since and IBM is still surviving.

[@rayhanrizvi334]

a few years ago, i was passing this quiet place in new york. i saw many factories that look abandoned or not used. My dad told me that used to be an old IBM park

[@hansmeier8953]

IBM is a rather large dinosaur and I find it pretty impressive that they are still around. It would be even more impressive if they could pull it off and use the consulting money to bring us IBM quantum computing.

[@sarfito1]

IBM Quantum System One was just launched in Europe.

[@ee214verilogtutorial2]

The quantum computing for IBM is one of the best developed so far.

[@omegaman7377]

The price of hard drive keep falling and the capacity are getting bigger. And they keep investing on cloud, when Jo Blow can creating is own personal cloud with and old PC and Linux. They are still betting on tablet. If a politician clean the swamp, they gone be in DS. Their finance depend of the people they know, not their creativity.They are very connect with the NSA, CIA, FBI.

[@martinschulz9381]

it's a difficult business to stay on top as it just changes so quickly. I remember when buying a PC being" IBM compatible" was the standard and the benchmark. It was the buzzword in the business.

[@filippxx]

IBM has switched from serving their customers to serving dozens of lines of IBM managers. Once you go this route it will just spiral down the cost cutting way just to justify manager's bonuses because you can't have innovation when engineering is done in Excel and PPT by managers.

[@jonashammar8907]

Spot on, way too many clueless managers! The amount of management levels for our team/product category who should get a bonus was a staggering 7 ! No wonder IBM solutions cost so much.

[@critical_analysis]

@@jonashammar8907 Absolutely, I worked for IBM for more than 5 years and there is huge bureaucracy there and little reward for genuine talent. Managers are hopeless and environment is not vibrant.

[@Dylan-jp4vw]

Arvrind did not serve as CEO of red hat

[@stevefellows3027]

IBM has failed to understand the customer for decades. They continue to make impractical products and services that cost too much and are too difficult for their customers to learn to use.

[@tomlxyz]

Wasn't that intentional?

[@leonleon2021]

What service does IBM provide? 🤔

[@denisflorian2431]

@@leonleon2021 right now servers mostly and a shitton of patents, and software, they recently started the switch to AI and Hibrid cloud

[@MarketOracleTV]

They own the patents, Slam dunk!

[@bettyswallocks6411]

Oh they understood the customer alright, or rather they understood how their customers operate and how decisions are made. IBM did most of its effective work in the boardrooms of their customers rather than in IT or DP departments. Many an IT or DP manager has been fired for thinking they knew better - it was always the IBM way or the highway. The DP manager wants Cisco routers or Memorex hard drives because they are faster and cheaper? In the event of any problem arising, such as an IBM protocol being non-standard, rather than working with the DP department to find a fix, they would take it straight to the boardroom - either the IT / DP people toed the IBM line or they were replaced with IBM acolytes. And they were masters of FUD.

[@majmunOR]

I don't think IBM was forced to make a deal with Microsoft for MS-DOS. As far as I know, they hired Microsoft to develop an OS for IBM PCs, and instead of buying the rights for the OS from Microsoft, they made the royalty deal, which IBM executives thought it was a win for them ("the real money is in hardware, not software").

[@georgenigg4799]

Bill Gates mother was involved with the CEO of IBM at the time!

[@geeman903]

The decision to license rather than own the MS software was a really huge mistake. I remember thinking this at the time. Ideally they should have bought MS. But that is nothing but speculation on my part. If they had bought MS their big corporation mind set would probably stifle innovation. So maybe it all turned out for the best (certainty for MS).

[@BigSleepyOx]

@@geeman903 - I watched another video about the development of the IBM PC, which said that IBM wanted to minimize the chances of being accused of anti-trust violations (having recently come out of the decade long anti-trust fight), so they didn't want to own the main components of the PC. CPU and memory chips would be off-the-shelf components, and the software (the OS and BASIC)* would be developed by contracted companies. If that's true, then that would preclude buying Microsoft. *And IBM first contacted Microsoft just to license BASIC, since Microsoft BASIC was the standard, making BASIC for lots of the computers at the time. IBM asked Microsoft about an OS, and Microsoft directed them to talk to Digital Research to get CP/M. They did, but couldn't come to terms, so IBM went back to Microsoft for an OS, and so Microsoft bought an OS from Seattle Computing (or some name like that), hired the guy that wrote it, put their name on it, and the rest is history, I guess. Then Digital Research threatened legal action against IBM, so IBM went ahead and offered CP/M as an alternative to MS-DOS, but at like 4 times the price.

[@danielstapler4315]

I heard that they set up a division to make the IBM PC and they wanted results in a hurry so they got MS to make the operating system and Intel to make the CPU and didn't control either the hardware or the software.

[@majmunOR]

@@W2HTLCA Awesome to hear from someone who was actually at IBM at that time 😎 Would love to read a blog post from you on this topic if you decide to write one. These KZbin replies get burried in the sea of content here, unfortunately...

[@bernadettetreual]

IBM is the prime example of a stereotypical corporation: Full of career-pursuing people in suits, without any deep interest in technology or the customer. These days, it's a pure PR machine.

[@codycast]

I remember going up against IBM when I was selling large Linux clusters. I’d go in by myself to visit with the client, and before (or after) me would be like 20 people from IBM in suits. Like wtf do you need all those people for to do a pitch? Also their main selling point was “well, we’re IBM”. That worked for a while but that slowly became less of a decision maker for customers

[@bradvenisnik9397]

@Robert Vandevender lol there is a reason why they pay such a good dividend

[@duncanhamilton5841]

@@codycast I eventually gave up selling against them and joined the machine. It was impossible to go to a meeting on your own. You'd get random people literally meeting snipe by examining your calendar in Notes. And the "we're IBM" idiocy was at every level - no concept of value whatsoever. I lasted two years.

[@andya2665]

@@codycast kinda like apple now, stuff is crap, but it's an I fill-in-the-blank. I will take a Samsung everytime. And now hackers can hack apple stuff and are now just as susceptible viruses as well.

[@amorosogombe9650]

Yes. The MBAs who have no interest in engineering are now all 'into tech' while only really being into money.

[@kz8476]

You should remove room reverb and leave vocal dry so it’s more professional. Soon you will have millions subscribers! Keep up the hard work!

[@joeyjamison5772]

Always pay attention to Dung!

[@dmathmothtutinean8950]

@@joeyjamison5772 …” Dung ??” Huh… isn’t that a mean thing to……to…… holy Cow 🐮…. Dung IS HIS NAME! Dayyum 😳😳😳

[@tanyarawat9700]

@@dmathmothtutinean8950 lmfao

[@nanky432]

IBM biggest issue is that it did everything everyone else did worse and for less profit. That’s why companies should always understand their what they want and then pursue it at all cost for supremacy.

[@MarketOracleTV]

When crappy videos like this come out then you know its time to BUY IBM

[@gagamonster1049]

Ya well risking ethical practice like Google, Apple and Nestle?

[@fakecake6776]

@@MarketOracleTV IBM up 50% in half year after this crap video came out

[@eagle666beast]

We benched mark Rexx on a 5 yr old IBM mainframe versus the latest wintel. The IBM mainframe was 3 times faster than the wintel. This performance edge is the reason why big banks are still depending on the IBM mainframes in addition to the security edge versus other techs.

[@oldedwardian1778]

Not really true, the main reason why Banks stay with IBM is SOFTWARE. Most of the bank software is still written in COBOL and BAL and some FORTRAN. Rewriting all this would be a monumental task. The banks just cannot afford for anything to go wrong PERIOD so there is little incentive to do the conversion. Also those old languages are much more difficult to hack into. My experience with IBM goes back to the 1401, 1410, 1440, System 3, System 7, 360 Series up to 360/65, OS/MFT II and MVT II and so much more but at 79 my memory is starting to fail. Oh, speaking of memory I remember CORE memory so well, we debugged systems through CORE DUMPS, mountains of them. Those were the days.

[@andya2665]

Yeah, kinda like Diebold Corp. Low profile, nobody knows exactly what they do because they arent a household name.

[@critical_analysis]

IBM has charged insane amounts and it is shown the door in the new millennium. IBM bureaucracy and the line managers make hell lot of money at the cost of customers.

[@lloydcollins6337]

That, and it would cost way too much to transfer everything to x86 platforms as they'd have to rewrite all the programs or the data would become useless.

[@jeffrey1025]

It’s not just the performance, it’s the reliability and compatibility with legacy software.

[@azthangle]

IBM stood for ‘Idiot Becomes Manager’ as I had learned when I got promoted to an IBM sales manager position back in the late 80’s. I spent 13 wonderful years with IBM back in the early 80’s selling their hardware and software solutions. IBM forgot its motto of ‘Customer Experience’ is what they should focus on instead of jamming IBM proprietary technologies down its customers throat. I am currently collecting my IBM pension in my retirement nowadays so ‘ Go Blue’.

[@lawrencep4050]

Back in the 90s throughout early 2000, a line of business that making over 10 million annual for IBM meant nothing to their upper management. Even if the nature of that profit making division was good for publicity. Their upper management would close it permanently without hesitation. Because they have to concentrate on the real money making corporate structure.

[@hampuskarrlander7492]

IBM is far from dead, they are pretty strong in software. They still have giant accounts in Fortune 100 companies

[@munenex]

To make a great company hire self made managers and engineers. To destroy a great company, hire business graduates.

[@Agent77X]

Steve Jobs would agree with your statement! He got fired from his hand picked President and BOD of Apple!

[@andya2665]

If you want to destroy a nation trust tech moguls... they got your back.

[@cheyennereynoso4116]

This is my new favorite channel 😄

[@prav077]

What are some other ?

[@karenvtechgal397]

This video was so poorly done it didn't even explain what happened under the lady CEO how she is what brought it down

[@jamesalvarado3961]

@@karenvtechgal397 I couldn't agree more. This guy's omitting things and has a biased opinion.

[@Hawxxfan]

every time you swipe a credit card in the U.S., you are probably using IBM's middleware service

[@12345ngb]

IBM is a sleeping giant. It's focusing on Quantum Computing now. Just that Google, Microsoft have openly advertised the focus and IBM has not.

[@Trevor_Austin]

When the greed set in IBM’s fate was sealed. Some examples. You never bought a mainframe, you only rented it. You even rented the colour (as an Willis Faber found out). You could pay for an upgrade to the hard drives of your computer. This consisted of removing a jumper that invited the drive years after it had been installed. You then also paid more each month to “rent” the operating system. Faults in the system? You paid them to fix their mistakes. You want to buy a system? Don’t bother objecting as they will have rapid access to your chief executive. I could go on for ages. Top tip though, never ever have anything to do with these unscrupulous thieves. You are also clearly unaware of Microsoft’s early years, Bob Pattison, the history surrounding Unix (and Zenix), PARC and how the market was rapidly changing.

[@VijaySharan-gw9uv]

Very nice and informative.

[@sneezygibz6403]

I joined ibm and as a developer after graduating in 2021. 7 months later I ended up leaving to Microsoft.

[@sangmoon2464]

IBM couldn't compete in the various industries it used to own because it only sought high profit margins. It gained a breather when it refocused on providing complete solutions for big money buyers. However, competition rose to cut profit margins again. Its problem is that it can't compete for what it considers low profit margin customers. Its focus on salespeople getting big contracts instead selling products to normal people is ultimately what kept IBM in its own shrinking world.

[@sbam4881]

Parts of this is wrong. e.g. Microsoft was NOT in the operating system market when IBM contacted Gates. The father of the operating system was Gary Kindall and the program was CP/M. Due to some miscommunications and disagreements, IBM could not get CP/M. Gates, at the time, had NO operating system so he went and purchased the license for a CP/M ripoff called QDOS from SCP, made some minor useless changes to it - just enough so that he could call it something else (MS DOS) and then struck a deal with IBM. Gates was no tech genius, the product that made him was a rip-off of a rip-off, he was just better and more ruthless in his business dealings.

[@PhilUKNet]

Gates' mother was also a good friend of John Opel, IBM's CEO at the time - they both sat on the board of United Way. Shortly after his mother spoke with Opel, IBM turned to Gates for assistance with the operating system for their first PC. James Corbett's documentary video 'Meet Bill Gates' is very interesting. His channel was deleted on KZbin, but you can still find the video elsewhere. Gates got his breaks from family contacts and his products from Xerox PARC and other clever people, as you point out.

[@critical_analysis]

It doesn't matter, MS whatever maybe the ways used made PCs popular all over the world and started real technological revolution. IBM was always too costly and it deserved the kick in the back for ripping off customers for decades.

[@johnnybravo5962]

These videos are great keep it up

[@Spartacus547]

Didn't IBM announced a few weeks ago they have a 2 nanometer chip? That's pretty impressive

[@bernadettetreual]

In the lab. With a ton of asterisks. No, that's not impressive.

[@JuHoCH]

Production will start in 2025... Not all that impressive

[@fnorgen]

All the big chip manufacturers have absolutely tiny architectures in their labs. The hard part is mass producing useful chips with such new technology at a competitive price. Intel for example have been stuck for many years trying to get their EUV lithography for 10 nm chips out of the lab. It took them so long that Intel completely lost its once dominant performance advantage.

[@luizgfranca]

Yes, that's impressive. But they don't have the infrastructure to produce, they will just sell the patents, like their 5 nanometer technology. But not for TSMC, since they had success in a similar size tech not long after IBM had theirs. With AMD, NVidia using TSMC and even Intel intending to do so, the licenses for the patents will not provide profit big enough to have noticeable influence in IBM enormous cashflows This is one of the reasons they are dividing, to make more noticeable revenues that are not big enough to be seen in their statements.

[@thep751]

Making a few 2 nm transistors in the lab is not that impressive. Making 2nm chip with millions of transistors that yeild is much more difficult. Why do they even have such lab anyway? They sold all their fabs years ago, why do the basic R&D with no ability to personally use it.

[@tertia0011]

In 2022, IBM PC is a vintage computer & parts on EBAY .. Yet I would dearly love IBM PC XT complete with green CRT monitor, 5 1/4" floppy drives & IBM PC DOS.

[@teslainvestah5003]

They should have held onto the Thinkpad laptop lineup instead of selling it to lenovo. IBM Thinkpads were tough and the only kind used on the ISS last I checked. I wish I still had mine. Lenovo Edu series thinkpads are also rugged, I guess to survive highschool. If IBM still had that brand, they would ride up the rise of chromebooks at least. Oh, and then the video mentions their PC division! So selling their PC division was part of how they escaped an early death... I didn't know they sold their vision because their CEO said they didn't need one. I didn't know such big stock value growth could correspond with failure on things that matter more.

[@bernadettetreual]

I really think ThinkPad is better off at Lenovo. Look at IBM: It's a pure joke. Only hot air and PR maneuvers.

[@PhilUKNet]

When Gerstner started the push into software and services, hardware became a dirty word at IBM. Prior to that IBM had always excelled at hardware, and the company's ability to produce hardware and software and to offer services to integrate everything into a working system was what gave IBM the edge. From being a market leader, IBM then started trailing other companies and could never catch up. Apple didn't do too badly by continuing to sell hardware, but they chose the right hardware. IBM's top management never had the vision to see what would happen with the Internet and mobile technology. Remember Watson's quote: "I think there is a world market for maybe five computers." IBM may not have made the first or best PC, but it set standards for the PC market. Had the company been smarter with legal agreements it could have wrapped up the market completely for years to come. And where was IBM in the Internet revolution? Now just trying to catch up with Amazon - an online bookshop - in the area of cloud computing.

[@frostyab7579]

engineers run company - company thrives; business execs with MBA's run company - company goes down shithole

[@andya2665]

Kinda like how intellectuals who to create and run social programs that constantly lead to failure without fear of consequences to themselves?

[@GrayFox102]

Really love the intro.

[@tnguy9696]

i worked for IBM in Austin Texas we made pc's and they were junk there quality was a joke and drugs was rampant . we did engineering changes to mother boards and added wires sometimes as many as 32 per mother board when ship started sinking in the late 80's i was off to dell right up the road

[@jaydeepsengupta]

IBM had a big bad bet with Watson. IBM was late into the cloud business. Amazon and Microsoft had stable cloud offering and knew what their customer wanted.

[@W1ldTangent]

IBM may not be sexy, but they're as solid as the bedrock and mainframes many large company HQs are built over. As the saying went/still goes: "Nobody gets fired for buying IBM." Acquiring Redhat and allowing them to reinvigorate/reinvent the company will turn out to be one of the smartest business decisions they've ever made. *Disclaimer:* _I have stock in neither company, and don't actively use any of their products, but I respect a player, which IBM most definitely still is._

[@gagamonster1049]

Agree

[@griegomas]

Fortran being used today, while technically correct, is kind of like saying "Floppies are still used today" because they're used in some old military equipment. Fortran is really just used to support very old hardware/software that for whatever reason hasn't been/can't be replaced.

[@danielkane851]

The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.

[@viannawells1034]

I have secured financial freedom by investing in bonds, equities, EFT's and some digital currencies

[@miss.elisabethneumann9090]

I wanted to invest more on digital Digital currency (crypto) but the fluctuations in crypto value discouraged me into dumping.

[@mr.ronaldgonzales2300]

That's why you need the help of a professional who trade and understand the market more to earn good income. These professionals understand the market like it's there own farm and makes maximum profits for investors.

[@katika8502]

let me guess they have marketing people as the CEO.

[@MircoWilhelm]

worse.. finance people

[@yeetleslaw8529]

IMO, IBM is still a good company. They developed and created so many technologies and hold many patients. They're currently not remotely exciting, currently rely on cloud servers and super computers. (which is the future. Nearly everything will be on a cloud server. Heck, we play video games with them.) They're a solid blue chip if you plan on riding dividends. I don't see them going away.

[@Agent77X]

@Grackle2012 How old are you, 12?

[@radomirbossev1300]

I feel like IBM does make great products but they really aren't user friendly. Both AIX and IBM i take years of experience to get used to. Anyone who has done any administration can tell you both are way better than any Linux or Microsoft servers. I have no experience with Z/Os so can't say there. On a hardware side they are the best bar none. Both in quality and performance. The new POWER10 chip is gonna be insane. So I think they have great products just user experience isn't the best and they haven't been able to read the market at all in the last 30 years. We'll see if the new CEO can bring the ship around. His main focus is hybrid cloud which is a huge market. Hopefully they can take a nice chunk of it but Amazon is the gatekeeper there...

[@h.mandelene3279]

"Both AIX and IBM i take years of experience to get used to." I call it job security.

[@alexeym5157]

I have been working with AIX about 15 years. AIX not difficult but IBM I OS very hard for me.

[@jaswerner419]

I didn't hear anything about Thomas Watson Junior.....!!! Who ran the Corporation after Daddy to it's zenith highlights.... He shifted from mechanical process to Electrical paradigm shift...... At one point T.W. Jr Brought back one of the greatest shareholder returns. WHERE is he mentioned?????

[@TheDanaYiShow]

LOVE the intro! And great research, story-telling, and video :)

[@Raptorman0909]

Around about 1990, giver or take, a reporter asked Bill Gates about his (Microsoft) relations with IBM and Gates snarkily replied ... "IBM is irrelevant!" He was right!

[@joshboy88420]

Talks about IBM failing. Meanwhile stock is up 40% YTD

[@BillyButcherUSA]

Yea its all normie talk, pretty unfounded video that seems to make sense to those who are unaware. (Meanwhile I'm buying stock of this fallen company)

[@archigoel]

@@BillyButcherUSA LOL. IBM is fallen. At its top, it was equal to Microsoft + Apple.

[@MarketOracleTV]

Yeh, this toober is clueless, missed the big picture that IBM owns the PATENTS!

[@omegaman7377]

Stock and revenue are not a good indication for tech sector. Patent are very important. When you loose the leading position. Not only you have to come with new solution. But your solution must be different from the competition. Best example: Intel. If you are only looking the finance,on paper, Intel look good. But if you look on the tech side they are in a terrible position. they are 20 years behind AMD. Everybody was assuming that Intel had the plan for a new architecture for a supercpu in their vault. But they have nothing. The administration of the company was short-sighted. And now the lack of investment in R&D are biting them in the ass.

[@sakethreddy4450]

While it's almost flat for the last 5 years...👎

[@TheChees1996]

IBM is the best example of what Steve Jobs was saying that "product people are needed that sales and marketing people" cause IBM is run by sales and marketing people than product people, in the beginning they had lots of product people but now very few and are pushed back or out by sales and marketing people.

[@MarketOracleTV]

You are behind the curve, if you had a clue you would habe made a video titled the "The Return of IBM"

[@TheIvyLens]

Exactly, I’m almost thinking he did this video on purpose to cause a stir?

[@mauriciotl7528]

IBM is still alive and rocking!!

[@stringbeanh2o819]

Bro, your videos are awesome! Keep up the good work. I love your discord too.

[@arrowrod]

IBM cancelled my $3000 health retirement benefit at the beginning of 2023. I've been retired for 30 years. Replaced the HR CEO with an Engineering CEO. I think the $3000 from all of the old retirees have made a difference. I could point out that Mainframes handle the vast data being created better.

[@noodlechrist4958]

The potential to read radiology films or a pathologist's slides has to be immense.

[@markwagner4909]

IBM hasn’t tanked, far from it A friend worked for them for years and traveled the world from Brazil to United emirates, Japan etc.. and was paid a very hefty paycheck and a kickass bonus. They are going strong

[@signalrepeater]

You know time has moved forward when people speak in terms of late 20th century and early 21st century. The golden era will always be 1990s , heady combination of technology,computers, markets, economy, companies, and liberation, freedom.

[@IronicCliche]

I really enjoy Google's tactic here- Google: Make absurdly outlandish claim about their technology IBM: comes out with correct information that would sound like outlandish claim if it cam from Google.

[@ChosenOne6666]

IBM stands for "I've Been Moved."

[@SirAndacar]

I did an internship at IBM in 1989, in their Los Gatos facility in San Jose. Acres and acres of mainframes in building after building. The Great TJ was held up in esteem like a god. I used a pretty ordinary IBM 286 machine. But the mainframe guys gaped in awe at its ability to run WordPerfect. Yes, that's right, with word wrap. One of their senior programmers told me that small computers were a passing fad that would never be a significant part of anyone's business because they simply couldn't scale up. And that snot nosed punk Bill something or other was going to come crawling back to them from the wreckage of micro-whatever it was. I am not making this up. The building I used to work at is now a Target parking lot.

[@ProjectShinyUnicorn]

They stopped making computers and got blown out and missed the personal computer age. If they kept building computers. You would Polly be on an IBM machine and not a dell or hp at work. The oreo CEO guy got you. They should have failed.

[@MircoWilhelm]

Small factual mistake in the video: the PC sell-off was under Sam Palmisano, not Gerstner. He was already out of the company.

[@jkholtgreve]

Love how he mentions the social security system but not the death camps. They had agents at every camp to service their punch card machines and were central to cataloging and processing every inmate. Despite incontrovertible evidence that New York knew what their German subsidiary was up to the company continues to refuse to acknowledge this or pay reparations.

[@OctavioGaitan]

I miss the old IBM that used to make computers and tech for consumers before selling off that while division to Lenovo. 😢 Don't get me wrong. Lenovo themselves make some good high quality stuff, but I miss seeing the IBM logo on new PCs.

[@BillyButcherUSA]

IBM should not be discounted, they still have a lot to offer and anyone who says otherwise is just ignorant to some of their newer products.

[@tsr207]

A lot of the early calculations for the Apollo program were performed by Olivetti Programma 101's - there is a fascinating book about it - mentions IBM in it as well........

[@UpNorthMI]

Fascinating. Well done!

[@bostonblackie9503]

Did it to itself. Failed to listen to it's own people and they went to work for the competition.

[@jameshoffman552]

IBM AI: adrift for years in search of applications; Tesla AI: A million vehicles waiting to receive it via OTAU at the time of its reveal.

[@ChosenOne6666]

Windows for Work Groups had DOS 6.1 preinstalled.

[@michaelcallas9463]

As always, great job. Just a quick note, I believe you said Birmingham, New York instead of Binghamton. There is a story in the way that IBM's decline left the cities in that part of New York -- Endicott, Binghamton, Vestal. A wonderful part of New York State left barren IBMs decline. Fingers crossed for one of the American greats.

[@67daltonknox]

I had a year to kill before medical school, so I worked for IBM 1969-70. They were so dominant then that employees considered that they had jobs for life. Most of my friends there were let go within 15 years. I had guessed that medicine would be a more durable career than business.

[@Trinitysebel]

Totally agree. Like weather

[@VcrThunder]

There is a lot of misinformation about IBM in the comment section. IBM is not just a consulting company, and they are definitely not stuck in the past. They are actually probably one of the most innovative companies right now. Not only are they the world leader in quantum computers (this is a huge deal) they have the smallest and most powerful microchips in the world. Ai is starting to take off now. IBM had been doing it for decades. IBM stock prices are holding up well, and ibm has been paying dividends for 34 years to it stock holders. The reason a lot of regular people dont know about IBM now is because they do not interact with consumers. they are Business to business

[@themorpheusmm]

Missing one peace of information - IBM was working with Nazzis back then. Barcodes, counting heads, etc... Nice video though

[@albeit1]

IBM was not forced to use Microsoft DOS. Microsoft didn’t even have an OS when IBM asked them if they could provide one. Microsoft bought it from a guy who had reverse engineered Gary Kildall’s CPM. IBM was very dumb about it and let Microsoft keep the rights to resell it to all comers. That cost them billions.

[@davidbreier84]

I am still holding IBM stock. It did better than Amazon and worse than Alphabet and Microsoft during the last year, however it's still going quite good. IBM might not be top of the line at the moment, however I do think they have a lot of patents and a very good research pipeline with tech that might stay relevant for decades. They just recently set up a new quantum computer here in germany and afaik they are a leading tech company in the quantum computing space. So it might not take that long until being" IBM compatible" is a thing again. Also they bought Red Hat. Very expensive, yes. However, Red Hat is the global leader in enterprise class Linux systems, and with the cloud on the rise (and most cloud servers running Linux) that investment might pay out in a few years. To me, IBM is no stock for the short term but a company I would feel comfortabel with to potentially hold until retirement.

[@sarfito1]

The narrative that IBM has fallen is stale. Every company has a rough stretch which IBM had in the early 90s. However, the firm did $73 billion in revenue in 2020. It’s also a formidable competitor in cloud computing, IT consulting services, healthcare technology, etc. The idea that the company has fallen is overdone and outdated.

[@MircoWilhelm]

They did drive out a lot of talent in the 90s and 2000s, and it was very noticeable to customers. But since Palmisano was only focussing on shareholder value all those short term financial decision led to a record string of declining revenue from 2010 until just recently.

[@godblessallpureheart171]

Technology needs young & start up companies.

[@777jones]

IBM has a cool brand and logo. Pretty much that’s it.

[@ramakrishna5480]

IBM will rise again if they play their quantum card right

[@alexc2649]

Microsoft bought DOS from Seattle Computer Products. the prominent OS of home computers was CPM . MS only got does b/c IBM could not make the deal with Digital Research for CPM.

[@caver38]

There is nobody else producing big computers systems today , and they cannot be replaced by small servers , especially for calculations . At least they are not just a sales organisation like many big companies today . Soon the US and the world will run out of new products and progress

[@frankcoffey]

IBM did use their brand power to create a hardware “standard” for PCs for everyone to copy. That alone accelerated the adoption of personal computers. The market was a mess of competing systems before that.

[@katherinesmith8873]

Nice facts, bro. Didn't know Red Hat was acquired by IBM.

[@ryanzhao869]

The new intro looks pretty good.

[@darkwoodmovies]

I'm sorry, but if IBM thinks they can beat Google in AI, they're in for a big surprise. Google is years ahead of everyone else in the AI scene, their massive data and quick ways of searching through it gives them an edge Watson will never have.

[@vncstudio]

Watson was okay years and years ago!

[@azeicollinus750]

Invest just 10% of your earnings, your own hand-picked stocks. You'll realize that you have beaten "Monday blues" for the life..

[@tylerwilson5747]

There's a mystery in investment!..

[@jamesmarcus4105]

At one time, I worked for a 410k retirement plan company that handles retirements plans for transamerica, vanguards, and all others 410k and IRA corporations operating in America. I can tell you, at first that retirement plans are a scam designed to make investors money without spending a dime of their own money.

[@alenjoshua6620]

@@jamesmarcus4105 As the economy is shifting, you need to have legitimate and creative sources of extra incomes. There are opportunities available that people have been using for years now.

[@matthewhuo6543]

@@alenjoshua6620 If you're scared of losing, you won't have the mindset of winning. Bitcoin has helped thousands of families over the years. I'm looking to invest in bitcoin mining very soon....

[@ericrobert4651]

When you work on something that only has the capacity to make you 5 dollars, it doesn't matter how much harder you work. The most you will make is 5 dollars, very simple.

[@2012photograph]

I started learning about Wall Street ages between 11-13 at for intellectual pursuits

[@wernerbrandes389]

I think you beat Company Man to this one. Nice work.

[@mattmmilli8287]

The chances IBM will be around in the year 3000 to me are high. They are institutional at this point and don’t really shout everything up to

[@LetsTakeWalk]

Every PC, Apple computer, every console, is still IBM. They cooled down a bit, but they are nowhere near being a failure.

[@phoenix5054]

WTF are you talking about? Give me one component of a modern PC or cosumer electronic that is built by IBM?

[@jeffsetter213]

Like the channel, love the name. Almost as good as 'The Teenage Historian'.

[@richardburton5706]

How is it possible to run through the emergence of electronics and main-frame computers, and then talk about desk-top computers, without ever mentioning the revenues that drove IBM from the virtual dominance of the IBM Selectric ball-element typewriter of the 60s, 70s, and early 80s? (admittedly not actually an electronic machine).

[@jackmcgowan5864]

Anyone watching this go check out the book “who says elephants can’t dance”. The Louis Gerstner story is great

[@goneutt]

Funny, after the Walton mention I got a Goofle ad.

[@canyoueventakeit2437]

Nice new Intro bro.

[@jamespn]

IBM Selectric typewriters were the best.

[@hubby00n6]

Hi Could you please do an update it seems that some things I’ve definitely changed since that video! At first, Gini Rometty i is no longer CIO Watson is out and winning market shares! quantum computer is real, and makes the difference. Look at the stock market it makes a difference as well.

[@petersmith2040]

I’m waiting for the day when you release the video entitled “The Rise And Fall of Microsoft.”

[@CSARVA]

IBM on the way back.

[@mpvmenon]

Indian Business Machines...

[@nemeanlioness]

is google sure that's a quantum computer and not an espresso machine?

[@Rushmore222]

Microsoft and Google were both right place at the right time companies initially. Since then, they have both proved time and time again that it is far more efficient to instead of internally undertaking the time, effort and vision required for innovation, to simply let other companies bear that burden, then simply purchase those firms.

[@vncstudio]

On the other hand, IBM buys good companies like Cognos who were leaders in business intelligence and let them wither away.

[@rosswith]

Great content. Please work on the audio!

[@VenturiLife]

IBM is a research company at it's core. But they have lost focus on most of what made them profitable. One of their biggest misses has been being late to cloud.

[@MircoWilhelm]

The problem was that research in itself isn't profitable, and finance CEOs don't like not making a profit from a department.

[@gagamonster1049]

Actually IBM started early but product and marketing were bad

[@GeorgeChuy]

Without this video, I would not have known IBM has lasted for a hundred years. And that well accounts for the problem with IBM. It's too old. It is exception for an old one to out compete a younger one and a normality for the vice versa.