She was very bold when she said that she would hit that 12 to 15 percent revenue growth number, and she is hitting it in the first quarter after she said it.
There is a low chance of this going through now.
All together, it was a pretty impressive report. A lot of people have been modeling around 12 or 13 percent. That's where I was.
They grew at 14 percent. That's very impressive. I expected them to grow at 12 percent.
This definitely increases the likelihood of a restructuring.
Who wants to be No.1 in a market which is saturated and has slow growth prospects near term.
Frankly, IBM is so large it is difficult for them to hide from an IT slowdown.
