Thursday, May 13, 2010

IBM Turns to Software as It Reboots - WSJ.com

That goal should be straightforward to realize; IBM simply has to have its non-software businesses become less profitable and/or unload other major business lines…

International Business Machines Corp. is trying to transform itself again, as Chief Executive Samuel J. Palmisano races to stay ahead of the technology industry's fast-changing profit curve.

The top priority this time for Big Blue—which famously dumped its personal computer business in 2004 to focus on consulting and services—is software. Mr. Palmisano wants that high-margin business to account for about half of the company's pretax profit by 2015, up from just over a third in 2003.

IBM Turns to Software as It Reboots - WSJ.com

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