To: Glenn D. Rudolph who wrote (56800 ) 5/16/1999 12:33:00 PM From: Tom Kearney Read Replies (2) | Respond to of 164684
>> They paid programming "geeks" with stock options. << Hey, watch your language boy! Us geeks have feelings, too. BTW, I have been in this business for 20+ years, and everyone knows IBM can't program their way out of a paper bag. Never could. I hear they sometimes hire outside help, though. Fella I heard of, Bill Gates, did ok. SAP, EDS, Oracle, MSFT are all opportunities IBM blew because they waited for the 'right' market. All these come from within their own company, and there are many more. They once owned 20% of Intel, and gave it away in the mid-80s. IBM loses a $1B a year on PCs, while Dell, Gateway, etc thrive. IBM is the biggest turkey of all time. They are living off of their legacy of excellence from the 1950's, for 40 years. Gerstner is a clever accountant who has done well by killing numerous money losing projects that never would have seen the light of day. I personally have know many programmers who worked as consultants at IBM for years, on software projects you never heard of, because they were so flawed and hopeless, even IBM finally realized they couldn't sell them. You don't win in high tech by waiting till the market is right. By many accounts, O/S2 was an exception, a great IBM software product, better than Windows but they waited till the market was right. Think they had more money than MSFT to market this? (Yes!) But, they let it go. They're hopeless in this arena. Lotus was dying anyways, but they'll kill it off or just let it die, finally. But, that's just my opinion. BTW, buying more AMZN Monday morning if it holds in the first half hour. Bought SUNW, MSFT and Orcl on Thursday and Friday.