IBM Faces Impatience Despite Retooling

Iria · Apr 16, 2006, 01:22 AM

ARMONK, N.Y. Apr 15, 2006 (AP)— When Sam Palmisano addresses IBM's annual shareholder meeting this month, Big Blue's chief will unfurl plenty of good news. And yet investors in the audience could be forgiven for being impatient with the boss.

After all, while Palmisano's four-year reign has dramatically reshaped the technology company, by one key measure it has been unsuccessful. Since he became CEO on March 1, 2002, IBM's shares have dropped 20 percent, shaving about $50 billion from its market value.

Still, it would be hard to say Palmisano hasn't shown significant results.
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Read More / Source: ABC News

Apr 16, 2006, 01:22 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	IBM Faces Impatience Despite Retooling ARMONK, N.Y. Apr 15, 2006 (AP)— When Sam Palmisano addresses IBM's annual shareholder meeting this month, Big Blue's chief will unfurl plenty of good news. And yet investors in the audience could be forgiven for being impatient with the boss. After all, while Palmisano's four-year reign has dramatically reshaped the technology company, by one key measure it has been unsuccessful. Since he became CEO on March 1, 2002, IBM's shares have dropped 20 percent, shaving about $50 billion from its market value. Still, it would be hard to say Palmisano hasn't shown significant results. __________ Read More / Source: ABC News