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My Favorite Quotes
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 Louis Gerstner - “This was a solid quarter, with earnings per share up 20 percent and an acceleration of revenue growth relative to the first half of the year,”
 Lou Gerstner - “Y2K continued to hurt us, but that's over now, ... We're putting it behind us and we are getting our businesses back on track.”
 Lou Gerstner - “If life was so easy that you could just go buy success, there would be a lot more successful companies in the world. Successful enterprises are built from the ground up.”
 Louis Gerstner - “The next thing is we can make IBM even better. We brought IBM back but we're gunning for leadership.”
 Lou Gerstner - “I want to become a student. I want to read Chinese history and go on a dig.”
 Lou Gerstner - “Watch the turtle. He only moves forward by sticking his neck out.”
 Lou Gerstner - “That's where the semiconductor industry is moving today, ... It really is becoming a very different industry than just a few years ago.”
 Lou Gerstner - “Over the past 12 month we have made a series of strategic decisions that have affected short term revenue, but will yield and are already yielding a more profitable portfolio,”
 Lou Gerstner - “You can never be comfortable with your success, you've got to be paranoid you're going to lose it.”
 Lou Gerstner - “This really is a merger of equals. I wouldn't have come back to work for anything less than this fantastic opportunity. This lets me combine my two great loves - technology and biscuits.”
 Louis Gerstner - “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.”
 Lou Gerstner - “He said a Wall Street Journal article in April 1999 that questioned his military and educational background had nothing to do with his leaving. IBM executives never brought it up, ... last week's fish wrapper.”
 Louis Gerstner - “The next thing is we can make IBM even better, ... We brought IBM back but we're gunning for leadership.”
 Louis Gerstner - “In each instance, Sam has done far more than manage operations effectively, ... He has made it both his personal mission and that of IBM to become the number one competitor in each of these markets. Sam's unique mix of strategic vision, passion and discipline, combined with his intimate understanding of IBM, make him the right person to become IBM's next CEO.”
 Louis Gerstner - “I would admit to you that we could take some credit, but there's a fair amount of luck in that too,”
 Louis Gerstner - “In 2001, the company faces concerns that economic softness in the United States could worsen and expand into non-U.S. markets, ... Increasingly aggressive price competition and the potential effects of ongoing adverse currency movements are other areas of volatility.”
 Lou Gerstner - “This is a big issue for every server company.”
 Lou Gerstner - “Five years ago, using the Net to buy a car or trade stock or earn college credits was revolutionary, ... So why not envision a day when we vote with much greater convenience -- from our home or workplace -- or a day beyond that when issues are presented to all the people of the world and we vote as a global statement of individual preference without regard for conventions like political parties or national borders”
 Louis Gerstner - “I think the visit is very important...very important for China and very important for the United States,”
 Louis Gerstner - “As we enter the next phase of IBM's transformation, we need a new organizational approach that will strengthen our focus on both day-to-day marketplace results and future growth opportunities, ... I believe this new structure is the best way to accomplish these goals, under the leadership of two of IBM's most experienced and capable executives.”
 Louis Gerstner - “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.”
 Louis Gerstner - “IBM itself is very positive about the recent quarter. We achieved good earnings results despite a number of challenges, ... We have been able to deliver consistent financial results because of the breadth and diversity of our overall business portfolio, which is unmatched in our industry.”
 Louis Gerstner - “On the positive side, our services revenue grew by nearly 1 billion and this business made a major contribution to the company's earnings. Our software revenues showed good growth and the software gross margin improved for the fifth consecutive quarter,”
 Louis Gerstner - “Results from these areas more than offset revenue declines in some other segments, most notably our consumer PC business”
 Louis Gerstner - “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.”

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