The risks here, however, are more than financial.
A review by the security firm Secunia showed the number of vulnerabilities in IBM products spiking last year, possibly the result of using more third-party software such as Oracle's (ORCL) Java. Problems are usually fixed the same day they're announced, but the more third-party software IBM supports, the more vulnerable its products become.
Perhaps the best news of the week came from former IBM executive John Thompson, who is taking over as Microsoft chairman. In an interview with Fortune he compared Microsoft to the IBM of 25 years ago, when the company's monopoly positions were first being assaulted, and before Lou Gerstner began mass layoffs that sent IBM toward its current path of software and services.
So IBM is ahead, then? Investors hope so, because hope is what they mostly have. Rometty has bet the company on this post-silicon era.At the time of publication the author owned shares of GOOG and AAPL. Follow @danablankenhorn This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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