IBM Chairman Palmisano Says Company Will Shun Consumer Electronics And Focus on EnterprisePRNewswire In a rare interview, IBM Chairman and CEO Sam Palmisano tells CMP Media's Channel Group publications, CRN and VARBusiness magazine, that the company will maintain its enterprise-only orientation and will avoid consumer electronics. The wide-ranging interview which appears in both publications simultaneously on March 1, also is posted at www.crn.com and www.varbusiness.com. (Logo: http://www.newscom.com/cgi-bin/prnh/20010808/UNEWYLOGO ) Palmisano states, "We are enterprise. We [make] no bones of what we are." He tells CRN and VARBusiness why IBM will focus on that space: "It's faster growing than the other segments, [including] consumer. Better margins. On our model, it's very straightforward. We want to be able to generate return on invested capital better than the average." Channel Group President Robert Faletra and VARBusiness Editorial Director Robert C. DeMarzo spoke with Palmisano on numerous topics at IBM's headquarters in Armonk, N.Y., in one of only three media interviews that he is scheduled to give during the year. Publication coincides with IBM PartnerWorld, being held in Las Vegas, Nev., Feb. 29 - March 3, 2004. About CMP Media CMP Media LLC (www.cmp.com) is a leading integrated media company providing essential information and marketing services to the entire technology spectrum -- the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, research, direct marketing services, education and training, trade shows and conferences, and custom publishing. Contact: Gordon Plutsky VARBusiness Magazine (516) 562-7766 Jason Chupick Plesser Associates (212) 420-8383 x108Photo: http://www.newscom.com/cgi-bin/prnh/20010808/UNEWYLOGO SOURCE: CMP Media LLC CONTACT: Gordon Plutsky of VARBusiness Magazine, +1-516-562-7766, for Web site: http://www.cmp.com/ Company News On-Call: http://www.prnewswire.com/comp/181993.html |