This morning we added shares of IBM to a monitored account. We paid $96.80 per share.
IBM has made inventions that make existing computers obsolete. Many large firms have strung together Linux boxes as a cheap way to purchase computing power. However, this is not a cheap way to operate.
The electricity cost for a large string can be $25,000,000 per year. For the same computing power with IBM super machines, the cost are about $1,800,000 per year.
Forty-three percent of the "big" computers in the world are IBM. The world economy has entered a capital spending phase. Billions will be spent on computer upgrades over the next 5 years. IBM will get its fair share of these billions. Buy IBM with confidence with plans to hold for 5 years or more.
Tuesday, December 14, 2004
IBM---SUPER COMPUTERS ARE CHEAP!
Posted by Jack Miller at 12/14/2004 01:11:00 PM
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