Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

IBM CEO Says Technology Demand Stable
May 15, 2003
 Printable format
 Email this Article
 Search
Demand for technology has stabilized relative to a year ago, IBM Chief Executive Samuel Palmisano said. Mr. Palmisano, head of the world's largest computer company, said during a meeting with analysts and investors in Boston, MA, U.S. that based on what he has heard from customers around the world, "things have stabilized."

Technology spending, which soared during the 1990s as the Internet was being built up, fell in 2001 and 2002 and many industry analysts now expect it to be about flat in 2003. Mr. Palmisano said that historically, the technology industry has grown about twice as fast as the U.S.' gross domestic product, and he expects it to return to that rate again once demand improves. fast.

Mr. Palmisano said that IBM has purchased software and services companies in recent years to build the company's vision of "on demand" computing, in which businesses use technology to better manage purchasing and inventory and pay only for computing that they use. The company has also divested many commodity hardware businesses, such as hard disk drives. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows