What Would an IBM 3.0 Look Like?

The transcript discusses IBM's strategic challenges, including disappointing earnings and the need to transition from hardware to cloud services. Investors are concerned about IBM's future projections. Lance Crosby, CEO of Softlayer, is pivotal in this transition, emphasizing the need for speed to compete with companies like Amazon and Microsoft. The cultural shift within IBM, a large organization, is also highlighted as a significant challenge.

What was a major concern for IBM's investors like Buffett?

• IBM's increasing earnings per share

• IBM's inability to predict future performance

• IBM's expansion into new markets

• IBM's focus on hardware

What is one of the main challenges IBM faces in its transition?

• Shifting legacy products to the cloud

• Increasing hardware production

• Reducing software services

• Expanding chip manufacturing

Who is Lance Crosby and what is his role at IBM?

• CEO of Softlayer, aiding IBM's transition to cloud services

• CEO of IBM, leading hardware production

• Head of IBM's marketing department

• Chief Financial Officer of IBM

What is the significance of Softlayer in IBM's strategy?

• It is a new hardware division

• It is the platform for IBM's cloud services

• It focuses on chip manufacturing

• It is IBM's marketing arm

What is a potential consequence if IBM does not accelerate its transition?

• Increased hardware sales

• Expansion into new markets

• Loss of market share to competitors

• Higher earnings per share