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Technology Stocks : Intel Corporation (INTC)
INTC 36.78+2.7%3:59 PM EST

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To: Mary Cluney who wrote (85017)7/7/1999 8:13:00 PM
From: Fred Fahmy  Read Replies (2) of 186894
 
Mary,

<Fred Fahmy, a long time poster on this thread, who has been missing of late, has described how his company, a Fortune 500 type, cut their reliance on legacy mainframes...>

Here I am <gg>.

Actually, we are now in the Fortune 500 and we eliminated, not cut, our reliance on mainframes. We do have a handful of AS400's around the world, but no big iron.

Overall, our IT support and performance has been excellent since we got away from mainframes. We have saved a ton of money and have a much improved environment.

Re: Lou Gerstner and IBM

Big Lou has done a good job of getting IBM's valuation up, but in my opinion it has been done largely with smoke and mirrors. I am convinced that IBM still has some very serious long term problems. What many Gerstner enthusiasts fail to realize is that the downsizing/streamlining of IBM was largely over before he got there. The huge headcount reductions (approx 100,000 over a few years) occurred under John Akers reign. Gerstner inherited a much improved cost structure which made "turning IBM around" a much easier proposition.

FF
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