Start the conversation
Whenever a CEO takes the stage at the Consumer Electronics Show (CES) in Las Vegas, we investors expect them to reveal something meaningful… innovative… in a word – big.
For example, during his CES address earlier this week, Netflix Inc. (Nasdaq: NFLX) CEO Reed Hastings declared that 2016 would mark "the birth of a new global Internet TV network."
And with his firm's streaming service now in more than 130 countries, Hastings' enthusiasm is vindicated.
That wasn't the only "big" announcement we saw at CES.
LG Electronics Inc. (OCTMKTS: LGEAF) rolled out a screen that can be rolled up like a newspaper… Samsung Electronics Co. Ltd. (OTCMKTS: SSNLF) used its time in the spotlight to showcase how its motion controllers are taking virtual reality gaming to the next level… Ford Motor Co. (NYSE: F) revealed that it's tripling its fleet of driverless cars this year – and making deals with Amazon.com Inc. (Nasdaq: AMZN) and DJI to make its "connected cars" even more innovative.
But there was one CEO whose enthusiasm seemed forced and misplaced.
International Business Machines Corp. (NYSE: IBM) CEO Virginia Rometty, during her keynote speech, spoke about Watson, the company's artificial intelligence process… and unveiled what amounts to a souped-up fitness tracker.
As CEOs at CES tend to do, she assured us this new technology will change the world.
I was unimpressed – and so was Wall Street. Last week, shares of IBM fell to five-year lows, off nearly 19% over the last six months.
This sudden drop is only the latest bad news for the once-mighty IBM.
And it's just one reason why I've penned a letter to Rometty and offered her a custom-made action plan. If she listens, my plan will rescue IBM by making it the undisputed leader in one of the fastest-growing sectors of the market.
Take a look…
Avoid These Tech Stocks in 2016: Knowing what investments to avoid is as important as knowing what's worthwhile. There'll be hype about great "turnaround" investments in the coming year, but these tech stocks are anything but. All four of these firms face deep internal issues at a time when stock selection is key…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.