🚀 go-pugleaf

You guys are missing a basic business point here. IBMs loss cannot simply
be absorbed by its savings, as it will not be producing anything to
make that money. This will hurt their SCF, and their stock would only
fall further (to say nothing of their bond rating, over at Moody's).
Plus, any money IBM has got stashed away would be put to better use
than a savings account. If they have money out there, it would be 
invested, and investments tend to be less liquid than savings. They'd
be able to get their hands on that money eventuaolly, but if I worked
at IBM, I sure wouldn't like knowing that that was where my 
paycheck was coming from. Lastly, IBM's holding s  are not its to just
dole out when it doesn't make monyxxx money, they belong to the shareholders
(and creditors have some claim on them too).
No, I don't think IBM will go under tomorrow, and even a hurt IBM will
outdo a lucky (hypothetical) Atari in the foreseeable future.