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,
More Quotes from 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
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
As we enter the next phase of IBM's transformation, we need a new organizational approach that will strengthen our focus on both day-to-day marketplace results and future growth opportunities, ... I believe this new structure is the best way to accomplish these goals, under the leadership of two of IBM's most experienced and capable executives.
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
Results from these areas more than offset revenue declines in some other segments, most notably our consumer PC business
Louis Gerstner
In each instance, Sam has done far more than manage operations effectively, ... He has made it both his personal mission and that of IBM to become the number one competitor in each of these markets. Sam's unique mix of strategic vision, passion and discip
Louis Gerstner
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