[IBM itself is very positive about the recent quarter.] We achieved good earnings results despite a number of challenges, ... We have been able to deliver consistent financial results because of the breadth and diversity of our overall business portfolio, which is unmatched in our industry. |
As we enter the next phase of IBM's transformation, we need a new organizational approach that will strengthen our focus on both day-to-day marketplace results and future growth opportunities, ... I believe this new structure is the best way to accomplish these goals, under the leadership of two of IBM's most experienced and capable executives. |
Business conditions remain difficult as we enter the new year, although we believe that our business will strengthen as we move through the year, |
Computers are magnificent tools for the realization of our dreams, but no machine can replace the human spark of spirit, compassion, love, and understanding. |
From my perspective, it's a little too early to predict that what we're seeing is in fact a slowdown in any (national) economy, ... Having said that, if in fact (an economic slowdown) does happen, I think what you'll see is a reallocation of technology spending dollars, not a diminution. |
I think the visit is very important...very important for China and very important for the United States, |
I would admit to you that we could take some credit, but there's a fair amount of luck in that too, |
In 2001, the company faces concerns that economic softness in the United States could worsen and expand into non-U.S. markets, ... Increasingly aggressive price competition and the potential effects of ongoing adverse currency movements are other areas of volatility. |
In each instance, Sam has done far more than manage operations effectively, ... He has made it both his personal mission and that of IBM to become the number one competitor in each of these markets. Sam's unique mix of strategic vision, passion and discipline, combined with his intimate understanding of IBM, make him the right person to become IBM's next CEO. |
Looking forward, we believe we will continue to feel the effects of the Y2K slowdown in the fourth quarter and into early next year, ... Next year has the potential to be a very good year for IBM, once we get past any lingering Y2K effects. |
Looking forward, we believe we will continue to feel the effects of the Y2K slowdown in the fourth quarter and into early next year. Next year has the potential to be a very good year for IBM, once we get past any lingering Y2K effects. |
Looking forward, we continue to believe that 2000 will be a good year for IBM, |
On a positive note, our services business continued to overtake the Y2K pause that pressured the first half of the year, ... Our PC business rebounded strongly, with particularly good demand for our server and ThinkPad products. In addition, our business in Asia continued to grow strongly. |
On the positive side, our services revenue grew by nearly $1 billion and this business made a major contribution to the company's earnings. Our software revenues showed good growth and the software gross margin improved for the fifth consecutive quarter, |
Our biggest constraint is hiring good people. The demand is almost [insatiable] and it's serious demand...very sophisticated demand, |