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IBM CEO: We messed up last year but will do better

on March 10, 2014


IBM CEO Ginni Rometty, in her annual letter to shareholders, set out IBM’s bold vision to be a modern company that can meet the challenges of big data, analytics and cloud computing. But she also acknowledged what we already knew: Big Blue missed the mark in 2013.

Rometty wrote:

“We must acknowledge that while 2013 was an important year of transformation, our performance did not meet our expectations. Our operating pre-tax income was down 8 percent. Our revenue in 2013, at $99.8 billion, was down 5 percent as reported and 2 percent at constant currency.”

On the little matter of hardware, she reiterated that the company will focus more on its Power servers and storage — IBM is selling its x86 server business to Lenovo.

Top billing for Watson and SoftLayer

The first IBM technology/product Rometty mentioned is Watson, the self-learning artificial intelligence technology that is very…

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