Saturday, April 4, 2015

IBM Spends Shareholder Money to Defend Itself Against Shareholders

April 3, 2015
Exclusive: IBM hire advisers to deal with restless investors - sources

International Business Machines Corp (IBM.N) is concerned about a possible attack by prominent activist hedge funds, and is working with two investment banks to formulate a defense plan, according to the people, who declined to be identified.

Shareholders concerned about "11 straight quarters of falling revenues" can sleep well knowing that the company is doing all it can to address those concerns. Or as I like to call it: When hiring one investment bank just isn't enough!

Value added, baby. That's what I'm talking about.

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