Agree, not interested.
IBM is not in a great position right now. Overall revenues keep dropping and debt levels are rising. However, they do have about $10B available for acquisitions. Again however, this $10B is based on the issuance of new debt (long-term debt position has grown to $40B). SO really they're only spending about $3B on acquisitions (Q2 they spent $2.8B).
Now, who knows how much Peter wants for BrainChip. They said they weren't interested unless the offer is too big to refuse. IBM cannot just cash out billions towards a commercially unproven hardware technology when their entire business right now needs revenue growth.
IBM is much more in a position to fund their own super team of geniuses for millions to try and capture this phenomenon we know as a "biological brain".
Agree, not interested. IBM is not in a great position right now....
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