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But, the revenues will grow by about 8% this year, and before flattening out in 2004. After that, stand by for their descent to pre-1997 levels ($78 billion) over the following three years (see the chart on page 2).
IBM 2002 revenues were merely at the same level it was five years earlier (in 1998), which means that, unless IBM adopts an aggressive acquisition strategy, the company will have wasted a decade by basically staying put or shrinking.
One reason for an expected lack of growth over the next five years is that IBM is in too many declining businesses. The only Big Blue business unit that can be expected to show any kind of growth is IBM Global Services (IGS)...
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