You are here: silicon.com > Hardware > Storage

IBM's Palmisano addresses the masses

Say it again Sam...

By Suzanna Kerridge

Published: 1 May 2002 14:54 BST

IBM's new CEO Sam Palmisano made his public debut yesterday at the company's shareholder meeting.

Palmisano gave the audience an overview of future products and strategy. He spoke in detail about Regatta, IBM's supercomputing chip technology.

In an attempt to rally confidence, Palmisano told shareholders he is optimistic about business for the year.

"While we cannot predict what will happen," he said, "business conditions will improve later this year".

Further good news came in the form of a raised quarterly dividend of one cent, to 15 cents per share. IBM claimed it had raised dividends seven times since 1996 accounting for a total increase of 140 per cent.

Outgoing boss Lou Gerstner chaired the meeting, leaving Palmisano to sit among the other executives instead of leading from the podium. Analysts claim it left many shareholders wondering if there would actually be any future changes to IBM's fortunes until Gerstner stepped aside.

Add comment

Print story with

Email story

IBM succession: What the papers say

Palmisano takes the IBM hot seat

Gerstner and Palmisano - IBM past and present head-to-head

IBM shares battered as SEC probes

Big Blues for disappointed Palmisano

In silicon.com

Commentary

silicon.com Dear silicon.com... ZX Spectrum nostalgia, Mac attack, tag a bag… Reader Comments of the Week

Steve Ranger Editor's Blog: Home computing from Acorn, Amiga and Amstrad, to the ZX Spectrum Nostalgia 2.0...

Latest News

Red Chilli aflame for hosted backup

Gazing into the technological future

silicon.com Classics: 10 hard drive disasters

'Counsellors' to keep vendor-client marriages sweet

RSC ups attendance with analytics

Top 10 weird data disasters

Jobs

Medical Science Liaison Needed for an International Pharmaco, 44k+

Probably with a background in medical liaison/information or clinical research but not in sales, these broad-based roles will draw on every aspect of ...

Business Accountant-00053477

Utilising metrics to predict service performance issues and enact corrective actions. These are long-term partnerships with clients for whom we ...

Security/Quality Analyst-00055189

This will manifest in formal quarterly meetings as well as general communication of issues as they arise. Perform a quarterly review and action ...

Special Report Focus

CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.