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.
More Quotes from 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
I think the visit is very important...very important for China and very important for the United States,
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
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
I would admit to you that we could take some credit, but there's a fair amount of luck in that too,
Louis Gerstner
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Based on Keywords: high-end, microelectronics, outstripped, server, servers, slowed, upcomingConcern should drive us into action and not into a depression. No man is free who cannot control himself.
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I feel that the Christian experience and the Jewish one have much to give each other. If this open society continues and there is no return to political anti-Semitism, then this encounter, deeper than any theology, may happen.
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