The mainframe is much more important to IBM than meets the eye, ... Off of that mainframe IBM gets a ton of other revenue.

Bob Djurdjevic

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Overall, you can say the quarter was on the mark,

— Bob Djurdjevic

That's been the sales pitch I've been hearing from all these companies.

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Overall, you can say the quarter was on the mark. The sales and earnings were about where they should be for this quarter.

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Prior to 1994, IBM didn't have the kind of structure it has now. They also had silos,

— Bob Djurdjevic

The mainframe is much more important to IBM than meets the eye. Off of that mainframe IBM gets a ton of other revenue.

— Bob Djurdjevic