Global Services results are disappointing, especially a $2 billion drop in its backlog in the fourth quarter. And a 9% decline in new contract signings? That means that the biggest IBM unit is losing more business from its backlog than it is signing.

Bob Djurdjevic

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Overall, you can say the quarter was on the mark,

— Bob Djurdjevic

That's been the sales pitch I've been hearing from all these companies.

— Bob Djurdjevic

Overall, you can say the quarter was on the mark. The sales and earnings were about where they should be for this quarter.

— Bob Djurdjevic

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— Bob Djurdjevic

The mainframe is much more important to IBM than meets the eye. Off of that mainframe IBM gets a ton of other revenue.

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