I confess: I'd always hated IBM Corp.; never could stand Big Blue. The company was always too unfocused for my taste.
Its boardroom underwhelmed, too, allowing Microsoft Corp. and Amazon.com Inc. to outmaneuver and shut it out of the outrageously lucrative cloud.
IBM's hardware is low margin, and its software doesn't do much better.
That's why I've never suggested owning IBM. It was a non-starter. A losing bet.
What I saw at a conference near my Bay Area home has me convinced that IBM has transformed from a "dog" into a scorching, ground-floor opportunity.
I know how that sounds: How could a 107-year-old tech company with fading fortunes turn on a dime to become one of 2018's hottest buy recommendations?