Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (55690)	11/16/2001 1:37:22 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Blue skies for Big Blue November 15, 2001: 10:44 a.m. ET That IBM should be something other than strictly a tech concern is a good thing in times like these. Adam Lashinsky money.cnn.com NEW YORK (CNN/Money) - There, they've all but admitted it: IBM says it isn't primarily a technology company anymore. Like so much in the investment world, this is a matter of semantics: If it walks like a tech stock and talks like a tech stock, etc. But hold the outrage. That IBM should be something other than strictly a tech concern is a good thing in times like these. The suggestion that IBM (IBM: up $0.40 to $114.75, Research, Estimates) isn't all about technology comes from Sam Palmisano, the company's president and chief operating officer and heir apparent to CEO Lou Gerstner. In an address to analysts and investors in New York Wednesday evening, Palmisano bragged that "technology" (semiconductors and hard disk drives) accounts for just 8 percent of IBM's revenues, compared with 82 percent for "infrastructure" (including outsourcing, software, servers, storage systems and PCs) and 10 percent for "business transformation," a murky category referring to IBM's high-end consulting operations.