Jefferies gives IBM Watson a Wall Street reality check

["Dave Farber" <farber () gmail com>]

Begin forwarded message:

> From: Lauren Weinstein <lauren () vortex com>
> Date: July 13, 2017 at 6:01:29 PM EDT
> To: nnsquad () nnsquad org
> Subject: [ NNSquad ] Jefferies gives IBM Watson a Wall Street reality check
>
>
> Jefferies gives IBM Watson a Wall Street reality check
>
> https://techcrunch.com/2017/07/13/jefferies-gives-ibm-watson-a-wall-street-reality-check/?ncid=rss
>
>      IBM's Watson unit is receiving heat today in the form of a
>    scathing equity research report from Jefferies' James Kisner.
>    The group believes that IBM's investment into Watson will
>    struggle to return value to shareholders. In recent years, IBM
>    has increasingly leaned on Watson as one of its core growth
>    units -- a unit that sits as a proxy for projecting IBM's
>    future value.  In the early days, IBM's competitive advantage
>    was its longstanding relationships with Fortune 500 companies.
>    IBM Watson effectively operates as a consultancy where the
>    company engages in high-value contracts with corporates to
>    implement Watson technology for specific business cases.
>    Unfortunately IBM is struggling to bridge the gap between
>    client needs and its own technological capability.



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