Description:Â International Business Machines Corp. Chief Executive Officer Sam Palmisano, seeking to boost earnings by focusing on software and services, said he plans to spend $20 billion on acquisitions in the next five years.
Questions for discussion:
- What is the significance of IBMâ€™s announcement?
- Why are acquisitions an important part of the strategic growth plans for IBM?
- How will these acquisitions likely be financed by the firm?
- From an investors point of view, is this good news?