IBM's hyped initiatives are almost a sell signal. Blockchain, Watson,.... whatever IBM gets into and sinks huge resources into invariably fails. How can a company with so many smart people and technical managers lead to so much failure. Failure not of the "portfolio of small bets most of which go nowhere" but rather a few major hyped initiatives that almost all fail.
I totally forgot about quantum. Highly suspicious that Quantum will go anywhere - reminds me of 5th generation computing around the mid-90s which then sank without a trace taking billions of dollars with it.
Scott's rant below on it is epic. Even if quantum does go somewhere, IBM is the last company of earth I would bet on to monetize it ;)