Are IBM's (NYSE:IBM) glory days over? Fool contributor Tim Beyers looks at Big Blue's troubling third-quarter earnings miss in the following video.

Revenue fell about $1 billion short of what Wall Street was expecting, overshadowing a modest $0.03 beat on the bottom line. For her part, CEO Ginni Rometty told analysts that IBM is working on improving "execution" in growth markets and elements of the hardware business that are underperforming. At least she's focused on the right areas, Tim says.

Systems and technology revenue fell 17% year over year, which suggests IBM is having a much tougher time selling servers and infrastructure to large clients. Hardly surprising with the wholesale shift to cloud computing that we've seen in recent years, Tim argues.

Are you buying IBM at current prices? Selling? Please watch the video to get Tim's full take and then leave a comment to let us know where you stand.