IBM’s financials for the past 8 years

Also, commentary on product strategy missteps, good ideas that didn’t turn out to be viable, and, thus, out to be the wrong focus.

Most IBM doubters also skip of the structural problems inherited from the previous “decade,” but Charles outlines it well:

Rometty didn’t inherit a great hand. Her predecessor Sam Palmasaino hollowed IBM out and turned it into a financial engineering company as opposed to an engineering engineering company. Palmasaino focused the company on an EPS roadmap instead of a product roadmap.

‪Focusing on “an EPS roadmap instead of a product roadmap.” That’s good. While “regular” enterprises try desperately to become tech companies, large tech companies face often struggle to stay tech company. Strategy is becomes even more important for both.‬

Original source: IBM’s Lost Decade