[IP] Jefferies gives IBM Watson a Wall Street reality check
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Dave Farber
2017-07-13 23:00:27 UTC
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Date: July 13, 2017 at 6:01:29 PM EDT
Subject: [ NNSquad ] Jefferies gives IBM Watson a Wall Street reality check
Jefferies gives IBM Watson a Wall Street reality check
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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