Its annual revenues are more than those of Lucent and Intel combined. To top it off, this solid blue chip has paid a dividend every year since 1916. Many investors do not know that IBM is dominant in services. IBM was the first major company to introduce a network computer, the IBM Network Station, a new kind of desktop device. It provides access to networked applications and processing power while it dramatically reduces the cost of desktop computing.
Network computing is a model of computing based on networks, most notably the Internet.
The company is aggressively exploiting e-business opportunities. That's what I like to see. IBM has learned the hard way that in order to stay ahead of the competition, you must stay innovative. It's been the success of these innovations that has caused the ivory-tower economists to now talk about their New Growth theories. You can now count five companies in a position to dominate in Internet infrastructure and services, but IBM stands out as having the greatest breadth for domination.