IBM's contrarian manifesto

The New York Times Blogs

By now, much of corporate America is humbled and hunkered down, hoping to survive an economic crisis that seems to get worse day by day. That is certainly not the posture at IBM's headquarters in Armonk, N.Y. Samuel J. Palmisano, I.B.M.'s chief executive, bases his optimistic assumption on a belief that countries are going to make investments in so-called smart infrastructure projects like transportation, electrical grids and health care information technology - all things in IBM's portfolio of technological services.

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