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1、2008ANNUALREPORTLet’sbuildasmarterplanet.v1_2009.Annual.Report_Cov.indd22/26/0912:50PMDesign:VSAPartners,Inc.Printing:RRDonnelleyPhotography:JensUmbachv1_2009.Annual.Report_Cov.indd32/27/0910:47AMaletterfromthechairmanDearIBMInvestor:AsIwritetoyou,theglobaleconomyisexperiencingp
2、rofounddisruption.Thereisagreatdealofunderstandableandappropriateanxietyaboutwhereweareheadedinthenearandmediumterm.Manyapproachesarebeingofferedtostimulateeconomicrecoveryandgrowth.AnditisclearthatIBM’sindustry,aswellasmanyothers,willlookverydifferentafewyearsfromnow.Youneedtok
3、now,inthistimeofturmoil,thatyourcompanyiswellpositionedtocontinuedeliveringstrongresults,aswehavebeendoinganddidagainin2008—achievingrecordrevenue,recordpre-taxearnings,recordearningspershareandrecordfreecashflow.Evenmoreimportantly,wearealsopositionedtoleadinthenewerathatlieson
4、theothersideofthepresentcrisis.Inthisletter,Iwillexplainwhy.IwilldescribehowthismomentofhistoricchangepresentsanopportunityforIBM,notonlytoassertleadershipinourindustry,buttoplayacentralroleinchanginghowtheworldliterallyworks.Ourconfidenceisgroundedinthestrategictransformationof
5、IBMoverthepastseveralyearsandthefocusedexecutionofnearly400,000dedicatedandinnovativewomenandmen1aroundtheworld.IBMisnowaverydifferentcompanythanitwasjustafewyearsago.Asaresult,weenteredthisturbulentperiodstrong,andweexpecttoexititstronger.v1_2009.Annual.Report_1-15.indd12/26/09
6、2:13AMaletterfromthechairmanANewEra—andaNewIBMsystemsalone.Increasingly,thedigitalinfrastructureoftheworldwasmergingwithWhatexplainsourstrongperformance,whenthephysicalinfrastructureoftheworld.somanyofourcompetitorsandothercompaniesAndthatwascreatinganewplatformfortheacrossbusin
7、essarestrugglingduringadeepglobaleconomyandsociety.Wearenowlivingeconomicslowdown?Theanswerliesattheinaworldthatis:beginningofthisdecade,whentheITindustryandbusinesseseverywherewereconfrontedby–instrumented:Computationalpoweristhreefundamentalshiftsintheworld:beingputintothingsn
8、oonewouldrecognizeascomputers:phones,cameras,ca
