#26: IBM hasn't figured out how to run software without hardware yet. Or
vice versa.

Despite Wall Street accounting, from a technical point of view there's
increasing blurring between software and hardware, for a variety of very
sensible reasons. (Is an Apple iPhone software or hardware? Yes. Is the IBM
Smart Analytics System 9600 software or hardware? Yes.) I see every
indication that trend will continue.

Speaking only for myself, per usual.

- - - - -
Timothy Sipples
Resident Architect (Based in Singapore)
STG Value Creation and Complex Deals Team
IBM Growth Markets
E-Mail: [email protected]
Phone: +1 603 472 4234 or +65 9232 2015
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