The New York Times > Technology > I.B.M. Reports Strong Results for 4th Quarter: "I.B.M., Mr. Loughridge said, continues to benefit from a strategy that emphasizes supplying corporate customers with packages of technology - hardware, software and services - instead of selling them individual products. That model, he said, has helped the company at a time when business customers are winnowing their rosters of suppliers and trying to avoid the cost and complexity of putting technology components together themselves.
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Today, I.B.M. is looking for growth in its big services and software businesses. The company has $10.3 billion in cash, or $3 billion more than a year ago. Mr. Loughridge said I.B.M. saw "very good" prospects for making further acquisitions this year. The company spent $2 billion last year on 14 niche acquisitions in the software and services field."
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