Louis Gerstner Continue Quotations

Looking forward, we continue to believe that 2000 will be a good year for IBM,

Looking forward, we believe we will continue to feel the effects of the Y2K slowdown in the fourth quarter and into early next year, ... Next year has the potential to be a very good year for IBM, once we get past any lingering Y2K effects.

Services is clearly the largest and fastest-growing portion of the information technology industry, and we continue to extend our leadership position each quarter, ... Our software business continues to gain momentum.

we are facing a number of significant short-term issues, including an uncertain global economic environment, ongoing weakness in some parts of Asia and Latin America, and continued price pressures in semi conductors.

On a positive note, our services business continued to overtake the Y2K pause that pressured the first half of the year, ... Our PC business rebounded strongly, with particularly good demand for our server and ThinkPad products. In addition, our business in Asia continued to grow strongly.