Interesting times at IBM
Increasingly, the public face of International Business Machines Corp. is that of Steve Mills.
Mr. Mills heads IBM's rich and acquisition-hungry software unit, which has buoyed results in recent quarters. He frequently represents the company at investor conferences and software-customer gatherings, and his rising profile reflects a new reality at the technology giant.
IBM still gets most of its reputation from its computers and most of its revenue from services, but most of its profit growth comes from software. After 44 software acquisitions since 2000 for about $9.5 billion, the company is trolling for more.