I have been watching the GBS stock ever since an analyst made an outrageous claim about the performance of his investment. Stock was trading at $4.50 with a target of $9. The bid was $2.75, ask was $6. Quite a spread, that shows there is no market for this stock. Weeks have passed, and stock now trades for $2.70. Or isn't trading. Bid is now $1.90, ask is $3. No volumes.
What's going on? Losses are mounting. The company is buying ever more small shops that are no longer profitable. They are betting the farm on providing cloud services. And a technology that turns old ugly Notes applications into new ugly web applications.
The time will come, when they have to sell companies. The strategy to buy everything in a shrinking market is a dangerous one. But one never knows. If they know things about Vulcan, we don't know, it could be a investment in the future. But there are allready voices in the market, that don't give GBS another year. Time will tell.
If GBS goes under, who is going to throw around chests of gold at Lotusphere 2012?
Those who have been around for a while in this market know that these companies come and go.
I laugh at you each time you bring GBS up - quite right! I always feel that NTF and ED are in to close.
Others who blog, apologise as they post - afraid to upset their pals (ED) but in truth they hit the nail on the head and are bang on.
Notes is Notes, Xpages is Xpages, Domino is Domino and Connections is Connections - in each you can see the best and the worst - who can predict the next 5 years but we'll be here making comments
@John who is ED? Do you mean Ed Brill? I ask as you say "afraid to upset their pals ED...".
I'm afraid this is not a soap, John & Bruce
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