Results from these areas more than offset revenue declines in some other segments, most notably our consumer PC business
More Quotes from Louis Gerstner:
IBM itself is very positive about the recent quarter. We achieved good earnings results despite a number of challenges, ... We have been able to deliver consistent financial results because of the breadth and diversity of our overall business portfolio, which is unmatched in our industry.Louis Gerstner
We would like to have seen more revenue in the quarter, but we were held back by three items, ... First, demand for our microelectronics products -- from both outside customers and internal IBM customers -- far outstripped our ability to supply components. Second, the upcoming release of our new high-end server slowed demand for the System390 family of servers. Finally, parts of our software business slowed unexpectedly in September.
Louis Gerstner
Computers are magnificent tools for the realization of our dreams, but no machine can replace the human spark of spirit, compassion, love, and understanding.
Louis Gerstner
This was a solid quarter, with earnings per share up 20 percent and an acceleration of revenue growth relative to the first half of the year,
Louis Gerstner
we are facing a number of significant short-term issues, including an uncertain global economic environment, ongoing weakness in some parts of Asia and Latin America, and continued price pressures in semi conductors.
Louis Gerstner
On a positive note, our services business continued to overtake the Y2K pause that pressured the first half of the year, ... Our PC business rebounded strongly, with particularly good demand for our server and ThinkPad products. In addition, our business in Asia continued to grow strongly.
Louis Gerstner
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