They got rid of a dud so that the profitability of the rest of IBM hardware can now shine. Hardware revenues without the PC business increased 6 or 9 in constant dollars.
More Quotes from Bob Djurdjevic:
You put it all together and what it tells me is they're losing more business than they're selling. And that's a worrisome sign.Bob Djurdjevic
Only the degree of severity of the decline will vary from one company to the next.
Bob Djurdjevic
The way I would characterize what I saw today is, they're on a slow path of improvement. It's not a sprint.
Bob Djurdjevic
This is exactly what IBM went through during that time frame.
Bob Djurdjevic
That's been the sales pitch I've been hearing from all these companies.
Bob Djurdjevic
Overall, IBM hit the first quarter on the button. The company is on the slow track to improvement.
Bob Djurdjevic
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