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International Business Machines (IBM) |
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WIKI ANALYSIS
International Business Machines (NYSE: IBM) is a leading global technology firm that offers a variety of products and services in the information technology industry. Their current businesses consist of 5 major divisions: Global Technology Services segment; a Global Business Services segment; a Software segment; a Systems and Technology segment; and a Global Financing segment. In 2006 IBM lost its position as the number one IT company to Hewlett-Packard in terms of annual revenue (difference of $235 million between revenues of HPQ and IBM). In 2009, that lead widened as HP generated $118.3 billion in revenue while IBM's revenue came in at $95.76 billion.[1] [2]
Although IBM lost its first place rank to Hewlett-Packard in terms of revenue, IBM is a far more profitable business (boasting a gross profit of $43.8 billion for FY09) than Hewlett-Packard (gross profit of $28.4 for FY08).[1][3] There are several underlying factors that contribute to IBM's high profitability which has increased every year since 2005. One of the reasons for the increase has been upper management's active effort towards divesting from cyclical and commoditizing businesses, while concentrating on the higher value services and software sectors.[2]
In 2009, revenue declined 7.6% to $95.8 billion due to declines in sales from growing markets.[1]
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
Competition
Although IBM's main competitors are Hewlett-Packard Company (HPQ) and Dell (DELL), each of these companies has a different focus area. Dell makes most of its money on PC and server hardware, while Hewlett-Packard is more diversified as the leader in PCs and Imaging & Printing as well as offering IT services. Since IBM relies heavily on its Software and Services segment, it mainly competes with Hewlett-Packard in the servers and IT services markets and with Dell in the servers and software markets.
Despite falling behind HP in 2009 in terms of revenue, IBM is the leader in servers, IT services, and software. Also IBM leads HP and Dell in all measures of profitability, largely because IBM is focused on high-margin sectors such as services and software and has gotten out of the thin-margin PC business, in which HP and Dell are still heavily involved. With the global recession this divestment has proved to be beneficial for IBM with its profitability still growing even with a reduction in revenue.[4]
In addition to HP and Dell, IBM also competes with smaller IT consulting firms such as Accenture (ACN). However, IBM leads these companies by a large margin in terms of revenue, profitability, and scale. For example, in 2009 Accenture generated $18.2 billion in revenue and $1.8 billion in operating income, whereas IBM generated $58 billion in revenue for its Global Services business unit.
| Company (2009) | Total Revenue ($M) | Gross Profit ($M) | Gross Profit Rate (%) | Net Income ($M) | Revenue Growth from 2008 (%) |
|---|---|---|---|---|---|
| IBM | 95,758[5] | 43,785[5] | 45.7[5] | 13,425[5] | (4.9)[5] |
| Hewlett-Packard | 114,552[6] | 27,028[6] | 23.6[6] | 7660[6] | (3.2)[6] |
| Dell | 61,101[7] | 10,975[7] | 17.9%[7][8] | 2,478[7] | (0.5)[7][9] |
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
|Dell |61,101[7] |10,975[7] |17.9%[7][8] |2,478[7] |(0.5)[7][9] |}
References
- ↑ 1.0 1.1 1.2 Template:Cite Annual Report
- ↑ 2.0 2.1 HPQ 2008 10-K pg. 49
- ↑
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19
- ↑ 5.00 5.01 5.02 5.03 5.04 5.05 5.06 5.07 5.08 5.09 5.10 5.11 5.12 5.13 5.14 5.15 5.16 5.17 5.18 5.19 5.20 5.21 5.22 5.23 5.24 5.25 5.26 5.27 5.28 5.29 5.30 5.31 5.32 5.33 5.34 5.35 5.36 5.37 5.38 5.39 5.40 5.41 5.42 5.43 5.44 5.45 5.46 5.47 5.48 5.49 5.50 5.51 5.52 5.53 5.54 5.55 5.56 5.57 5.58 5.59 5.60 5.61 5.62 5.63 5.64 5.65 5.66 5.67 5.68 5.69 5.70 5.71 5.72 5.73 5.74 5.75 5.76 5.77 5.78 5.79 5.80 5.81 5.82 5.83 5.84 5.85 5.86 5.87 5.88 5.89 5.90 5.91 5.92 5.93 5.94 5.95 5.96 5.97 5.98 5.99 IBM 2008 10-K pg. 19
- ↑ 6.00 6.01 6.02 6.03 6.04 6.05 6.06 6.07 6.08 6.09 6.10 6.11 6.12 6.13 6.14 6.15 6.16 6.17 6.18 6.19 6.20 6.21 6.22 6.23 6.24 6.25 6.26 6.27 6.28 6.29 6.30 6.31 6.32 6.33 6.34 6.35 6.36 6.37 6.38 6.39 6.40 6.41 6.42 6.43 6.44 6.45 6.46 6.47 6.48 6.49 6.50 6.51 6.52 6.53 6.54 6.55 6.56 6.57 6.58 6.59 6.60 6.61 6.62 6.63 6.64 6.65 6.66 6.67 6.68 6.69 6.70 6.71 6.72 6.73 6.74 6.75 6.76 6.77 6.78 6.79 6.80 6.81 6.82 6.83 6.84 6.85 6.86 6.87 6.88 6.89 6.90 6.91 6.92 6.93 6.94 6.95 6.96 6.97 6.98 6.99 HPQ 2009 10-K pg. 49
- ↑ 7.0000 7.0001 7.0002 7.0003 7.0004 7.0005 7.0006 7.0007 7.0008 7.0009 7.0010 7.0011 7.0012 7.0013 7.0014 7.0015 7.0016 7.0017 7.0018 7.0019 7.0020 7.0021 7.0022 7.0023 7.0024 7.0025 7.0026 7.0027 7.0028 7.0029 7.0030 7.0031 7.0032 7.0033 7.0034 7.0035 7.0036 7.0037 7.0038 7.0039 7.0040 7.0041 7.0042 7.0043 7.0044 7.0045 7.0046 7.0047 7.0048 7.0049 7.0050 7.0051 7.0052 7.0053 7.0054 7.0055 7.0056 7.0057 7.0058 7.0059 7.0060 7.0061 7.0062 7.0063 7.0064 7.0065 7.0066 7.0067 7.0068 7.0069 7.0070 7.0071 7.0072 7.0073 7.0074 7.0075 7.0076 7.0077 7.0078 7.0079 7.0080 7.0081 7.0082 7.0083 7.0084 7.0085 7.0086 7.0087 7.0088 7.0089 7.0090 7.0091 7.0092 7.0093 7.0094 7.0095 7.0096 7.0097 7.0098 7.0099 7.0100 7.0101 7.0102 7.0103 7.0104 7.0105 7.0106 7.0107 7.0108 7.0109 7.0110 7.0111 7.0112 7.0113 7.0114 7.0115 7.0116 7.0117 7.0118 7.0119 7.0120 7.0121 7.0122 7.0123 7.0124 7.0125 7.0126 7.0127 7.0128 7.0129 7.0130 7.0131 7.0132 7.0133 7.0134 7.0135 7.0136 7.0137 7.0138 7.0139 7.0140 7.0141 7.0142 7.0143 7.0144 7.0145 7.0146 7.0147 7.0148 7.0149 7.0150 7.0151 7.0152 7.0153 7.0154 7.0155 7.0156 7.0157 7.0158 7.0159 7.0160 7.0161 7.0162 7.0163 7.0164 7.0165 7.0166 7.0167 7.0168 7.0169 7.0170 7.0171 7.0172 7.0173 7.0174 7.0175 7.0176 7.0177 7.0178 7.0179 7.0180 7.0181 7.0182 7.0183 7.0184 7.0185 7.0186 7.0187 7.0188 7.0189 7.0190 7.0191 7.0192 7.0193 7.0194 7.0195 7.0196 7.0197 7.0198 7.0199 7.0200 7.0201 7.0202 7.0203 7.0204 7.0205 7.0206 7.0207 7.0208 7.0209 7.0210 7.0211 7.0212 7.0213 7.0214 7.0215 7.0216 7.0217 7.0218 7.0219 7.0220 7.0221 7.0222 7.0223 7.0224 7.0225 7.0226 7.0227 7.0228 7.0229 7.0230 7.0231 7.0232 7.0233 7.0234 7.0235 7.0236 7.0237 7.0238 7.0239 7.0240 7.0241 7.0242 7.0243 7.0244 7.0245 7.0246 7.0247 7.0248 7.0249 7.0250 7.0251 7.0252 7.0253 7.0254 7.0255 7.0256 7.0257 7.0258 7.0259 7.0260 7.0261 7.0262 7.0263 7.0264 7.0265 7.0266 7.0267 7.0268 7.0269 7.0270 7.0271 7.0272 7.0273 7.0274 7.0275 7.0276 7.0277 7.0278 7.0279 7.0280 7.0281 7.0282 7.0283 7.0284 7.0285 7.0286 7.0287 7.0288 7.0289 7.0290 7.0291 7.0292 7.0293 7.0294 7.0295 7.0296 7.0297 7.0298 7.0299 7.0300 7.0301 7.0302 7.0303 7.0304 7.0305 7.0306 7.0307 7.0308 7.0309 7.0310 7.0311 7.0312 7.0313 7.0314 7.0315 7.0316 7.0317 7.0318 7.0319 7.0320 7.0321 7.0322 7.0323 7.0324 7.0325 7.0326 7.0327 7.0328 7.0329 7.0330 7.0331 7.0332 7.0333 7.0334 7.0335 7.0336 7.0337 7.0338 7.0339 7.0340 7.0341 7.0342 7.0343 7.0344 7.0345 7.0346 7.0347 7.0348 7.0349 7.0350 7.0351 7.0352 7.0353 7.0354 7.0355 7.0356 7.0357 7.0358 7.0359 7.0360 7.0361 7.0362 7.0363 7.0364 7.0365 7.0366 7.0367 7.0368 7.0369 7.0370 7.0371 7.0372 7.0373 7.0374 7.0375 7.0376 7.0377 7.0378 7.0379 7.0380 7.0381 7.0382 7.0383 7.0384 7.0385 7.0386 7.0387 7.0388 7.0389 7.0390 7.0391 7.0392 7.0393 7.0394 7.0395 7.0396 7.0397 7.0398 7.0399 7.0400 7.0401 7.0402 7.0403 7.0404 7.0405 7.0406 7.0407 7.0408 7.0409 7.0410 7.0411 7.0412 7.0413 7.0414 7.0415 7.0416 7.0417 7.0418 7.0419 7.0420 7.0421 7.0422 7.0423 7.0424 7.0425 7.0426 7.0427 7.0428 7.0429 7.0430 7.0431 7.0432 7.0433 7.0434 7.0435 7.0436 7.0437 7.0438 7.0439 7.0440 7.0441 7.0442 7.0443 7.0444 7.0445 7.0446 7.0447 7.0448 7.0449 7.0450 7.0451 7.0452 7.0453 7.0454 7.0455 7.0456 7.0457 7.0458 7.0459 7.0460 7.0461 7.0462 7.0463 7.0464 7.0465 7.0466 7.0467 7.0468 7.0469 7.0470 7.0471 7.0472 7.0473 7.0474 7.0475 7.0476 7.0477 7.0478 7.0479 7.0480 7.0481 7.0482 7.0483 7.0484 7.0485 7.0486 7.0487 7.0488 7.0489 7.0490 7.0491 7.0492 7.0493 7.0494 7.0495 7.0496 7.0497 7.0498 7.0499 7.0500 7.0501 7.0502 7.0503 7.0504 7.0505 7.0506 7.0507 7.0508 7.0509 7.0510 7.0511 7.0512 7.0513 7.0514 7.0515 7.0516 7.0517 7.0518 7.0519 7.0520 7.0521 7.0522 7.0523 7.0524 7.0525 7.0526 7.0527 7.0528 7.0529 7.0530 7.0531 7.0532 7.0533 7.0534 7.0535 7.0536 7.0537 7.0538 7.0539 7.0540 7.0541 7.0542 7.0543 7.0544 7.0545 7.0546 7.0547 7.0548 7.0549 7.0550 7.0551 7.0552 7.0553 7.0554 7.0555 7.0556 7.0557 7.0558 7.0559 7.0560 7.0561 7.0562 7.0563 7.0564 7.0565 7.0566 7.0567 7.0568 7.0569 7.0570 7.0571 7.0572 7.0573 7.0574 7.0575 7.0576 7.0577 7.0578 7.0579 7.0580 7.0581 7.0582 7.0583 7.0584 7.0585 7.0586 7.0587 7.0588 7.0589 7.0590 7.0591 7.0592 7.0593 7.0594 7.0595 7.0596 7.0597 7.0598 7.0599 7.0600 7.0601 7.0602 7.0603 7.0604 7.0605 7.0606 7.0607 7.0608 7.0609 7.0610 7.0611 7.0612 7.0613 7.0614 7.0615 7.0616 7.0617 7.0618 7.0619 7.0620 7.0621 7.0622 7.0623 7.0624 7.0625 7.0626 7.0627 7.0628 7.0629 7.0630 7.0631 7.0632 7.0633 7.0634 7.0635 7.0636 7.0637 7.0638 7.0639 7.0640 7.0641 7.0642 7.0643 7.0644 7.0645 7.0646 7.0647 7.0648 7.0649 7.0650 7.0651 7.0652 7.0653 7.0654 7.0655 7.0656 7.0657 7.0658 7.0659 7.0660 7.0661 7.0662 7.0663 7.0664 7.0665 7.0666 7.0667 7.0668 7.0669 7.0670 7.0671 7.0672 7.0673 7.0674 7.0675 7.0676 7.0677 7.0678 7.0679 7.0680 7.0681 7.0682 7.0683 7.0684 7.0685 7.0686 7.0687 7.0688 7.0689 7.0690 7.0691 7.0692 7.0693 7.0694 7.0695 7.0696 7.0697 7.0698 7.0699 7.0700 7.0701 7.0702 7.0703 7.0704 7.0705 7.0706 7.0707 7.0708 7.0709 7.0710 7.0711 7.0712 7.0713 7.0714 7.0715 7.0716 7.0717 7.0718 7.0719 7.0720 7.0721 7.0722 7.0723 7.0724 7.0725 7.0726 7.0727 7.0728 7.0729 7.0730 7.0731 7.0732 7.0733 7.0734 7.0735 7.0736 7.0737 7.0738 7.0739 7.0740 7.0741 7.0742 7.0743 7.0744 7.0745 7.0746 7.0747 7.0748 7.0749 7.0750 7.0751 7.0752 7.0753 7.0754 7.0755 7.0756 7.0757 7.0758 7.0759 7.0760 7.0761 7.0762 7.0763 7.0764 7.0765 7.0766 7.0767 7.0768 7.0769 7.0770 7.0771 7.0772 7.0773 7.0774 7.0775 7.0776 7.0777 7.0778 7.0779 7.0780 7.0781 7.0782 7.0783 7.0784 7.0785 7.0786 7.0787 7.0788 7.0789 7.0790 7.0791 7.0792 7.0793 7.0794 7.0795 7.0796 7.0797 7.0798 7.0799 7.0800 7.0801 7.0802 7.0803 7.0804 7.0805 7.0806 7.0807 7.0808 7.0809 7.0810 7.0811 7.0812 7.0813 7.0814 7.0815 7.0816 7.0817 7.0818 7.0819 7.0820 7.0821 7.0822 7.0823 7.0824 7.0825 7.0826 7.0827 7.0828 7.0829 7.0830 7.0831 7.0832 7.0833 7.0834 7.0835 7.0836 7.0837 7.0838 7.0839 7.0840 7.0841 7.0842 7.0843 7.0844 7.0845 7.0846 7.0847 7.0848 7.0849 7.0850 7.0851 7.0852 7.0853 7.0854 7.0855 7.0856 7.0857 7.0858 7.0859 7.0860 7.0861 7.0862 7.0863 7.0864 7.0865 7.0866 7.0867 7.0868 7.0869 7.0870 7.0871 7.0872 7.0873 7.0874 7.0875 7.0876 7.0877 7.0878 7.0879 7.0880 7.0881 7.0882 7.0883 7.0884 7.0885 7.0886 7.0887 7.0888 7.0889 7.0890 7.0891 7.0892 7.0893 7.0894 7.0895 7.0896 7.0897 7.0898 7.0899 7.0900 7.0901 7.0902 7.0903 7.0904 7.0905 7.0906 7.0907 7.0908 7.0909 7.0910 7.0911 7.0912 7.0913 7.0914 7.0915 7.0916 7.0917 7.0918 7.0919 7.0920 7.0921 7.0922 7.0923 7.0924 7.0925 7.0926 7.0927 7.0928 7.0929 7.0930 7.0931 7.0932 7.0933 7.0934 7.0935 7.0936 7.0937 7.0938 7.0939 7.0940 7.0941 7.0942 7.0943 7.0944 7.0945 7.0946 7.0947 7.0948 7.0949 7.0950 7.0951 7.0952 7.0953 7.0954 7.0955 7.0956 7.0957 7.0958 7.0959 7.0960 7.0961 7.0962 7.0963 7.0964 7.0965 7.0966 7.0967 7.0968 7.0969 7.0970 7.0971 7.0972 7.0973 7.0974 7.0975 7.0976 7.0977 7.0978 7.0979 7.0980 7.0981 7.0982 7.0983 7.0984 7.0985 7.0986 7.0987 7.0988 7.0989 7.0990 7.0991 7.0992 7.0993 7.0994 7.0995 7.0996 7.0997 7.0998 7.0999 7.1000 7.1001 7.1002 7.1003 7.1004 7.1005 7.1006 7.1007 7.1008 7.1009 7.1010 7.1011 7.1012 7.1013 7.1014 7.1015 7.1016 7.1017 7.1018 7.1019 7.1020 7.1021 7.1022 7.1023 7.1024 7.1025 7.1026 7.1027 7.1028 7.1029 7.1030 7.1031 7.1032 7.1033 7.1034 7.1035 7.1036 7.1037 7.1038 7.1039 7.1040 7.1041 7.1042 7.1043 7.1044 7.1045 7.1046 7.1047 7.1048 7.1049 7.1050 7.1051 7.1052 7.1053 7.1054 7.1055 7.1056 7.1057 7.1058 7.1059 7.1060 7.1061 7.1062 7.1063 7.1064 7.1065 7.1066 7.1067 7.1068 7.1069 7.1070 7.1071 7.1072 7.1073 7.1074 7.1075 7.1076 7.1077 7.1078 7.1079 7.1080 7.1081 7.1082 7.1083 7.1084 7.1085 7.1086 7.1087 7.1088 7.1089 7.1090 7.1091 7.1092 7.1093 7.1094 7.1095 7.1096 7.1097 7.1098 7.1099 7.1100 7.1101 7.1102 7.1103 7.1104 7.1105 7.1106 7.1107 7.1108 7.1109 7.1110 7.1111 7.1112 7.1113 7.1114 7.1115 7.1116 7.1117 7.1118 7.1119 7.1120 7.1121 7.1122 7.1123 7.1124 7.1125 7.1126 7.1127 7.1128 7.1129 7.1130 7.1131 7.1132 7.1133 7.1134 7.1135 7.1136 7.1137 7.1138 7.1139 7.1140 7.1141 7.1142 7.1143 7.1144 7.1145 7.1146 7.1147 7.1148 7.1149 7.1150 7.1151 7.1152 7.1153 7.1154 7.1155 7.1156 7.1157 7.1158 7.1159 7.1160 7.1161 7.1162 7.1163 7.1164 7.1165 7.1166 7.1167 7.1168 7.1169 7.1170 7.1171 7.1172 7.1173 7.1174 7.1175 7.1176 7.1177 7.1178 7.1179 7.1180 7.1181 7.1182 7.1183 7.1184 7.1185 7.1186 7.1187 7.1188 7.1189 7.1190 7.1191 7.1192 7.1193 7.1194 7.1195 7.1196 7.1197 7.1198 7.1199 7.1200 7.1201 7.1202 7.1203 7.1204 7.1205 7.1206 7.1207 7.1208 7.1209 7.1210 7.1211 7.1212 7.1213 7.1214 7.1215 7.1216 7.1217 7.1218 7.1219 7.1220 7.1221 7.1222 7.1223 7.1224 7.1225 7.1226 7.1227 7.1228 7.1229 7.1230 7.1231 7.1232 7.1233 7.1234 7.1235 7.1236 7.1237 7.1238 7.1239 7.1240 7.1241 7.1242 7.1243 7.1244 7.1245 7.1246 7.1247 7.1248 7.1249 7.1250 7.1251 7.1252 7.1253 7.1254 7.1255 7.1256 7.1257 7.1258 7.1259 7.1260 7.1261 7.1262 7.1263 7.1264 7.1265 7.1266 7.1267 7.1268 7.1269 7.1270 7.1271 7.1272 7.1273 7.1274 7.1275 7.1276 7.1277 7.1278 7.1279 7.1280 7.1281 7.1282 7.1283 7.1284 7.1285 7.1286 7.1287 7.1288 7.1289 7.1290 7.1291 7.1292 7.1293 7.1294 7.1295 7.1296 7.1297 7.1298 7.1299 7.1300 7.1301 7.1302 7.1303 7.1304 7.1305 7.1306 7.1307 7.1308 7.1309 7.1310 7.1311 7.1312 7.1313 7.1314 7.1315 7.1316 7.1317 7.1318 7.1319 7.1320 7.1321 7.1322 7.1323 7.1324 7.1325 7.1326 7.1327 7.1328 7.1329 7.1330 7.1331 7.1332 7.1333 7.1334 7.1335 7.1336 7.1337 7.1338 7.1339 7.1340 7.1341 7.1342 7.1343 7.1344 7.1345 7.1346 7.1347 7.1348 7.1349 7.1350 7.1351 7.1352 7.1353 7.1354 7.1355 7.1356 7.1357 7.1358 7.1359 7.1360 7.1361 7.1362 7.1363 7.1364 7.1365 7.1366 7.1367 7.1368 7.1369 7.1370 7.1371 7.1372 7.1373 7.1374 7.1375 7.1376 7.1377 7.1378 7.1379 7.1380 7.1381 7.1382 7.1383 7.1384 7.1385 7.1386 7.1387 7.1388 7.1389 7.1390 7.1391 7.1392 7.1393 7.1394 7.1395 7.1396 7.1397 7.1398 7.1399 7.1400 7.1401 7.1402 7.1403 7.1404 7.1405 7.1406 7.1407 7.1408 7.1409 7.1410 7.1411 7.1412 7.1413 7.1414 7.1415 7.1416 7.1417 7.1418 7.1419 7.1420 7.1421 7.1422 7.1423 7.1424 7.1425 7.1426 7.1427 7.1428 7.1429 7.1430 7.1431 7.1432 7.1433 7.1434 7.1435 7.1436 7.1437 7.1438 7.1439 7.1440 7.1441 7.1442 7.1443 7.1444 7.1445 7.1446 7.1447 7.1448 7.1449 7.1450 7.1451 7.1452 7.1453 7.1454 7.1455 7.1456 7.1457 7.1458 7.1459 7.1460 7.1461 7.1462 7.1463 7.1464 7.1465 7.1466 7.1467 7.1468 7.1469 7.1470 7.1471 7.1472 7.1473 7.1474 7.1475 7.1476 7.1477 7.1478 7.1479 7.1480 7.1481 7.1482 7.1483 7.1484 7.1485 7.1486 7.1487 7.1488 7.1489 7.1490 7.1491 7.1492 7.1493 7.1494 7.1495 7.1496 7.1497 7.1498 7.1499 7.1500 7.1501 7.1502 7.1503 7.1504 7.1505 7.1506 7.1507 7.1508 7.1509 7.1510 7.1511 7.1512 7.1513 7.1514 7.1515 7.1516 7.1517 7.1518 7.1519 7.1520 7.1521 7.1522 7.1523 7.1524 7.1525 7.1526 7.1527 7.1528 7.1529 7.1530 7.1531 7.1532 7.1533 7.1534 7.1535 7.1536 7.1537 7.1538 7.1539 7.1540 7.1541 7.1542 7.1543 7.1544 7.1545 7.1546 7.1547 7.1548 7.1549 7.1550 7.1551 7.1552 7.1553 7.1554 7.1555 7.1556 7.1557 7.1558 7.1559 7.1560 7.1561 7.1562 7.1563 7.1564 7.1565 7.1566 7.1567 7.1568 7.1569 7.1570 7.1571 7.1572 7.1573 7.1574 7.1575 7.1576 7.1577 7.1578 7.1579 7.1580 7.1581 7.1582 7.1583 7.1584 7.1585 7.1586 7.1587 7.1588 7.1589 7.1590 7.1591 7.1592 7.1593 7.1594 7.1595 7.1596 7.1597 7.1598 7.1599 DELL 2008 10-K pg. 20
- ↑ 8.000 8.001 8.002 8.003 8.004 8.005 8.006 8.007 8.008 8.009 8.010 8.011 8.012 8.013 8.014 8.015 8.016 8.017 8.018 8.019 8.020 8.021 8.022 8.023 8.024 8.025 8.026 8.027 8.028 8.029 8.030 8.031 8.032 8.033 8.034 8.035 8.036 8.037 8.038 8.039 8.040 8.041 8.042 8.043 8.044 8.045 8.046 8.047 8.048 8.049 8.050 8.051 8.052 8.053 8.054 8.055 8.056 8.057 8.058 8.059 8.060 8.061 8.062 8.063 8.064 8.065 8.066 8.067 8.068 8.069 8.070 8.071 8.072 8.073 8.074 8.075 8.076 8.077 8.078 8.079 8.080 8.081 8.082 8.083 8.084 8.085 8.086 8.087 8.088 8.089 8.090 8.091 8.092 8.093 8.094 8.095 8.096 8.097 8.098 8.099 8.100 8.101 8.102 8.103 8.104 8.105 8.106 8.107 8.108 8.109 8.110 8.111 8.112 8.113 8.114 8.115 8.116 8.117 8.118 8.119 8.120 8.121 8.122 8.123 8.124 8.125 8.126 8.127 8.128 8.129 8.130 8.131 8.132 8.133 8.134 8.135 8.136 8.137 8.138 8.139 8.140 8.141 8.142 8.143 8.144 8.145 8.146 8.147 8.148 8.149 8.150 8.151 8.152 8.153 8.154 8.155 8.156 8.157 8.158 8.159 8.160 8.161 8.162 8.163 8.164 8.165 8.166 8.167 8.168 8.169 8.170 8.171 8.172 8.173 8.174 8.175 8.176 8.177 8.178 8.179 8.180 8.181 8.182 8.183 8.184 8.185 8.186 8.187 8.188 8.189 8.190 8.191 8.192 8.193 8.194 8.195 8.196 8.197 8.198 8.199 8.200 8.201 8.202 8.203 8.204 8.205 8.206 8.207 8.208 8.209 8.210 8.211 8.212 8.213 8.214 8.215 8.216 8.217 8.218 8.219 8.220 8.221 8.222 8.223 8.224 8.225 8.226 8.227 8.228 8.229 8.230 8.231 8.232 8.233 8.234 8.235 8.236 8.237 8.238 8.239 8.240 8.241 8.242 8.243 8.244 8.245 8.246 8.247 8.248 8.249 8.250 8.251 8.252 8.253 8.254 8.255 8.256 8.257 8.258 8.259 8.260 8.261 8.262 8.263 8.264 8.265 8.266 8.267 8.268 8.269 8.270 8.271 8.272 8.273 8.274 8.275 8.276 8.277 8.278 8.279 8.280 8.281 8.282 8.283 8.284 8.285 8.286 8.287 8.288 8.289 8.290 8.291 8.292 8.293 8.294 8.295 8.296 8.297 8.298 8.299 8.300 8.301 8.302 8.303 8.304 8.305 8.306 8.307 8.308 8.309 8.310 8.311 8.312 8.313 8.314 8.315 8.316 8.317 8.318 8.319
- ↑ 9.000 9.001 9.002 9.003 9.004 9.005 9.006 9.007 9.008 9.009 9.010 9.011 9.012 9.013 9.014 9.015 9.016 9.017 9.018 9.019 9.020 9.021 9.022 9.023 9.024 9.025 9.026 9.027 9.028 9.029 9.030 9.031 9.032 9.033 9.034 9.035 9.036 9.037 9.038 9.039 9.040 9.041 9.042 9.043 9.044 9.045 9.046 9.047 9.048 9.049 9.050 9.051 9.052 9.053 9.054 9.055 9.056 9.057 9.058 9.059 9.060 9.061 9.062 9.063 9.064 9.065 9.066 9.067 9.068 9.069 9.070 9.071 9.072 9.073 9.074 9.075 9.076 9.077 9.078 9.079 9.080 9.081 9.082 9.083 9.084 9.085 9.086 9.087 9.088 9.089 9.090 9.091 9.092 9.093 9.094 9.095 9.096 9.097 9.098 9.099 9.100 9.101 9.102 9.103 9.104 9.105 9.106 9.107 9.108 9.109 9.110 9.111 9.112 9.113 9.114 9.115 9.116 9.117 9.118 9.119 9.120 9.121 9.122 9.123 9.124 9.125 9.126 9.127 9.128 9.129 9.130 9.131 9.132 9.133 9.134 9.135 9.136 9.137 9.138 9.139 9.140 9.141 9.142 9.143 9.144 9.145 9.146 9.147 9.148 9.149 9.150 9.151 9.152 9.153 9.154 9.155 9.156 9.157 9.158 9.159 9.160 9.161 9.162 9.163 9.164 9.165 9.166 9.167 9.168 9.169 9.170 9.171 9.172 9.173 9.174 9.175 9.176 9.177 9.178 9.179 9.180 9.181 9.182 9.183 9.184 9.185 9.186 9.187 9.188 9.189 9.190 9.191 9.192 9.193 9.194 9.195 9.196 9.197 9.198 9.199 9.200 9.201 9.202 9.203 9.204 9.205 9.206 9.207 9.208 9.209 9.210 9.211 9.212 9.213 9.214 9.215 9.216 9.217 9.218 9.219 9.220 9.221 9.222 9.223 9.224 9.225 9.226 9.227 9.228 9.229 9.230 9.231 9.232 9.233 9.234 9.235 9.236 9.237 9.238 9.239 9.240 9.241 9.242 9.243 9.244 9.245 9.246 9.247 9.248 9.249 9.250 9.251 9.252 9.253 9.254 9.255 9.256 9.257 9.258 9.259 9.260 9.261 9.262 9.263 9.264 9.265 9.266 9.267 9.268 9.269 9.270 9.271 9.272 9.273 9.274 9.275 9.276 9.277 9.278 9.279 9.280 9.281 9.282 9.283 9.284 9.285 9.286 9.287 9.288 9.289 9.290 9.291 9.292 9.293 9.294 9.295 9.296 9.297 9.298 9.299 9.300 9.301 9.302 9.303 9.304 9.305 9.306 9.307 9.308 9.309 9.310 9.311 9.312 9.313 9.314 9.315 9.316 9.317 9.318 9.319
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