IBM CEO Takes Highly Upbeat Tone

Susan Hall

In IBM's annual report sent to shareholders Monday, CEO Samuel J. Palmisano exudes an air of bravado that might not play so well in these generally troubled times.


As IT Business Edge's Ann All wrote last week, its under-the-radar layoffs aren't winning the company any friends, either.


But as The New York Times quotes Palmisano's "letter from the chairman":

"We entered this turbulent period strong, and we expect to exit it stronger. We will simply not ride out the storm. Rather, we will take a long-term view, and go on offense."

He reasons that Big Blue's portfolio makes it uniquely positioned to supply what companies and countries around the world need as they invest in transportation, electrical grids, health care information technology, telecommunications, food distribution and water systems.

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