IBM facing 'rocky time', but poised for change, CEO says: NYT
Sun May 11, 2014 11:28pm EDT
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IBM Chairwoman and CEO Virginia ''Ginni'' Rometty delivers a keynote speech at the Mobile World Congress in Barcelona February 26, 2014.
Credit: Reuters/Albert Gea
(Reuters) - IBM Corp is facing a "rocky time," Chief Executive Virginia Rometty told the New York Times, but said she and the company now have a clear vision on how to pursue another generation of growth.
"We are transforming this company for the next decade," she said, sounding a theme she plans to use on Wednesday at the company's yearly meeting with investment analysts, the New York Times reported. (r.reuters.com/vuz29v)
IBM, the world's biggest technology services company, last month reported its lowest quarterly revenue in five years, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China.
The company has jettisoned less profitable business and made major commitments in new fields — like technology to help customers find insights in today's flood of digital data, and cloud-style computing in which processing and software is delivered remotely over the Internet, the NYT reported Rometty as saying.
(Reporting by Supriya Kurane in Bangalore; Editing by Sunil Nair)
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Comments (3)
I met Louis Gerstner at a wedding in July of 1987—–his niece’s. We went to college together. I was invited. He built a pretty solid consulting business at IBM and, was ahead of the curve in a lot of IT Work. He led people with a vision. If a CEO has no vision, and, can not lead, this is what happens. This woman has done nothing, and, is collecting a salary. I can do better.
I met Louis Gerstner at a wedding in July of 1987—–his niece’s. We went to college together. I was invited. He built a pretty solid consulting business at IBM and, was ahead of the curve in a lot of IT Work. He led people with a vision. If a CEO has no vision, and, can not lead, this is what happens. This woman has done nothing, and, is collecting a salary. I can do better.
I have also recruited IT people, and, have placed people at IBM. So I know what goes on there. IBM needs a change.