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Title: IBM to share technology with China in strategy shift: CEO
Source: Reuters
URL Source: http://www.reuters.com/article/2015 ... tech-ibm-idUSKBN0MJ14X20150323
Published: Mar 23, 2015
Author: Matthew Miller and Gerry Shih
Post Date: 2015-03-23 10:32:33 by Willie Green
Keywords: None
Views: 902
Comments: 6

(Reuters) - IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China's shifting technology policies.

IBM must help China build its IT industry rather than viewing the country solely as a sales destination or manufacturing base, Rometty said at the China Development Forum, an annual Chinese government-sponsored conference bringing together business executives and China's ruling elite.

"If you're a country, as China is, of 1.3 billion people you would want an IT industry as well," the chief executive said on Monday. "I think some firms find that perhaps frightening. We, though, at IBM ... find that to be a great opportunity."

Rometty's remarks were among the clearest acknowledgements to date by a high-ranking foreign technology executive that companies must adopt a different tack if they are to continue in China amid growing political pressure.

A number of U.S. technology companies operating in China are forming alliances with domestic operators, hoping a local partner will make it easier to operate in the increasingly tough environment for foreign businesses.

China has been pushing for the use of more Chinese and less foreign-made technology, to grow its own tech sector and in response to ex-U.S. National Security Agency contractor Edward Snowden's leaks about U.S. cyber surveillance.

IBM's sales in China have stabilized after a sharp drop that began in the third quarter of 2013 following Snowden's revelations. The Armonk, New York-based company reported a 1 percent slide in revenue in China during the fourth quarter of 2014, compared with the prior year.

IBM's new approach allows Chinese companies to build everything from semiconductor chips and servers based on IBM architecture, to the software that runs on those machines.

Last week IBM said Suzhou PowerCore Technology Co will begin producing a version of IBM's Power8 chip to run on Chinese-made servers. Its POWER line of processors is often used for intensive calculations in financial services, where Chinese banks have been required by new government regulations to use more domestic vendors.

The U.S. company had already announced a series of partnerships with Chinese vendors and now packages its database software with products from Inspur, a server hardware maker and IBM rival, and has also struck agreements with Youyou, a Beijing-based software firm.

Other vendors are making similar efforts.

SAP SE Greater China head Mark Gibbs for instance said in October the company sought to be a "complementary player to the Chinese market” by selling its software on hardware made by Lenovo Inc and Huawei Technologies.

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#1. To: Willie Green (#0)

" IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty "

Well Virginia, you are an IDIOT. One day, China will no longer need you, and their own domestic production will put you out of business.

Maybe your masters at the CFR will give you a good retirement package.

Si vis pacem, para bellum

Stoner  posted on  2015-03-23   10:42:15 ET  Reply   Trace   Private Reply  


#2. To: Willie Green (#0) (Edited)

CEO Virginia Rometty

Another dumbass woman CEO put in place in compliance with modern trendiness making bad decisions that will destroy her company as well as destroy American jobs. Hewlett Packard did the same thing. For more than 50 years HP was among the worlds formost leaders (along with Tektronics)in creating and manufacturing electronic test instrumentation using "The HP Way". When Hewlett and Packard croaked, they were replaced by showpiece women who talked fancy but ran the company into the ground.

rlk  posted on  2015-03-23   12:15:23 ET  Reply   Trace   Private Reply  


#3. To: Willie Green (#0)

"We will hang the capitalists with the rope that they sell us." - Lenin

Vicomte13  posted on  2015-03-23   14:32:13 ET  Reply   Trace   Private Reply  


#4. To: Vicomte13 (#3)

Look up NEP - Lenin's New Economic Policy. (Abandoned for political reasons)

A Pole  posted on  2015-03-23   16:13:49 ET  Reply   Trace   Private Reply  


#5. To: Willie Green (#0)

Hey why not, after all their bidness arrangement with the Nazis worked out soooo well.

 

IBM and the Holocaust: The Strategic Alliance between Nazi Germany and America's Most Powerful Corporation is a book by investigative journalist Edwin Black which details the business dealings of the American-based multinational corporation International Business Machines (IBM) and its German and other European subsidiaries with the government of Adolf Hitler during the 1930s and the years of World War II. In the book, Black outlines the way in which IBM's technology helped facilitate Nazi genocide through generation and tabulation of punch cards based upon national census data.[1]

en.wikipedia.org/wiki/IBM_and_the_Holocaust


VxH  posted on  2015-03-23   20:57:14 ET  Reply   Trace   Private Reply  


#6. To: rlk (#2) (Edited)

Another dumbass woman CEO put in place in compliance with modern trendiness making bad decisions

Awe c'mon sometimes they even manage to get their Buzzwords and Bullshyte to compile before wobbling up the Peter Principled ladder with their padded resumes in tow.

Not that what they manage to compile actually produces anything of functional value, but, those requirements are soooo UN-fashionably 1980's anyhow.

Get with the Agile enterprise framework man.

VxH  posted on  2015-03-23   21:02:29 ET  Reply   Trace   Private Reply  


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