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.
More Quotes from Louis Gerstner:
I would admit to you that we could take some credit, but there's a fair amount of luck in that too,Louis Gerstner
Services is clearly the largest and fastest-growing portion of the information technology industry, and we continue to extend our leadership position each quarter, ... Our software business continues to gain momentum.
Louis Gerstner
I think the visit is very important...very important for China and very important for the United States,
Louis Gerstner
Our second-quarter results are right in line with our expectations and with the view we've been expressing since last October, ... Essentially, we've had three quarters of slow revenue growth, driven by a combination of the Y2K slowdown and a series of actions we've taken to improve our business portfolio. During that time, however, we have been able to produce satisfactory earnings growth.
Louis Gerstner
The next thing is: we can make IBM even better. We brought IBM back but we're gunning for leadership.
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
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