IBM, Comcast, and eBay’s Quandary
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 January 2019
⏱️ 16 minutes
🧾️ Download transcript
Summary
Big Blue shares pop on a good 4th-quarter report and guidance for 2019. Aaron Bush analyzes the challenges facing IBM and warns investors not to get too excited. Plus, we discuss Comcast’s latest results and the activist shareholders pushing for more spinoffs from eBay.
Transcript
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| 0:00.0 | It's Wednesday, January 23rd. |
| 0:04.0 | Welcome to Market. |
| 0:05.0 | I'm Chris Hill joining me in studio. |
| 0:07.0 | Aaron Bush, back in the house. |
| 0:09.0 | Good to see you. |
| 0:10.0 | Good to be here. Thanks for having me. |
| 0:12.0 | I'm excited to talk to you because we've got |
| 0:14.3 | some big tech earnings, we've got IBM, we've got Comcast, and eBay hasn't |
| 0:20.0 | been this interesting in years and we'll get to eBay in a second but let's start |
| 0:23.6 | with Big Blue. IBM's fourth quarter profit and revenue came in higher than |
| 0:27.7 | expected. The guidance for 2019 I think is what is driving the stock shares of IBM up 8%. |
| 0:37.0 | Yeah, I mean, I wouldn't get too optimistic just looking at the guidance because the company itself continues to |
| 0:44.4 | to trudge along and like we say pretty much every quarter IBM's best days are |
| 0:49.0 | way way behind it and in this particular quarter it was pretty much just more the same. |
| 0:56.0 | Revenue fell a small amount, but revenue growth for the full year is essentially flat, |
| 1:00.0 | which in any normal context you would say that sucks but you know looking at |
| 1:04.8 | IBM and given what they've been through over the past several years of just |
| 1:08.6 | bleeding revenue that is progress and it's better than it used to be, |
| 1:14.0 | mainly because some of their growing businesses |
| 1:16.1 | like AI, analytics, application management, |
| 1:19.0 | they're now a larger percentage of revenue |
| 1:20.8 | than they used to be. |
... |
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