Eddie:
I gotta agree with you for the most part. Only miss was there are (IMO) product there, it's just not being sold. But, what I would like to see, is a response from Joe A. comparing your statements to where IBM was in '91-92. Joe, how much of Eddie's points would apply to IBM back then. Obviously, IBM still had the cash ($5.6B) and the positive cash flow, but it was down 75% in price. In your opinion, Joe, how much did replacing Akers with Gerstner, turn IBM around in the areas of 1. corporate morale, 2. investment community confidence, 3. marketing ability, 4. corporate directions? What would have been different if Akers (and any others who were replaced) had been allowed to stay?
It seems to me that the situation is very similar, and, at least, right now, it seems that the solution would also be the same.
Mat |
