D.J. - I thought there is a bunch of 'unlit fiber' out there to provide that bandwidth. The problem as I see it is the last mile, I'm still waiting for broadband and I live four miles from IBM's East Fishkill semiconductor facility, one of the largest and most advanced on earth. Lots of high tech folks around here, no broadband. I'm beginning to think it will remain static forever <gg>. By the way, Lou Gerstner appears to be calling Mikey a 'dummy'. An excerpt from today's WSJ...
Regards,
John
He said that four years ago a team of IBM researchers produced a technology outlook that led to a "completely revamped" research and development plan. That outlook led to IBM's efforts to make chips for telecommunications devices and net-access devices which, he maintained, "will dwarf personal computers by an order of magnitude."
Mr. Gerstner said that IBM's own PC business isn't a core part of that networked-computing vision. But he defended the company's PC division, saying its recent losses don't reflect benefits that sales of the desktop devices bring IBM in financing and services.
He said that "there's a price war going on in the PC business," started by Dell Computer Corp. "Price wars in commodity business are really dumb," he said. He added that "we'll choose where we participate" in price battles, but "we're not going to chase revenue and destroy earnings."
Shares of IBM, which have been rising recently, were off $1.78 at $115.20 in 4 p.m. composite trading Thursday on the New York Stock Exchange. In after-market trading, they changed hands at $116, according to Instinet. |
