IBM Will Share Tech With China To Help Build IT Industry There
An anonymous reader sends this report from Reuters:
IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China's shifting technology policies. IBM must help China build its IT industry rather than viewing the country solely as a sales destination or manufacturing base, Rometty said. ... [Her] remarks were among the clearest acknowledgements to date by a high-ranking foreign technology executive that companies must adopt a different tack if they are to continue in China amid growing political pressure. A number of U.S. technology companies operating in China are forming alliances with domestic operators, hoping a local partner will make it easier to operate in the increasingly tough environment for foreign businesses.
Bad idea. they will get all the information and ditch IBM take it all for themself. Unless they only share opensource things that is already open then its fine.
Everyone knew it.
The people who swarmed there must have figured they could kick it down the road past their retirement just leave the mess for those that came after.
They are ready to do anything to bring the dividend to 15$/share. And the fact that they can just give away their technology to the Chinese shows how much of a guaranteed income IBM gets.
Especially since IBM sold their PC and Server divisions to Lenovo.
And this will be the last of the money made by IBM in China. They're going to spend a few more years teaching other companies everything they know, and then the Chinese will kick them out and undercut them with their own technology. Just brilliant, IBM. *golf clap* Now they're actually training their own competitors for some short term profits.
If you haven't yet sold your IBM stocks in the last few decades, now might be the time to do so.
Irony: Agile development has too much intertia to be abandoned now.
share technology with Chinese firms and will actively help build China's industry,
I think most American firms already share technology with Chinese firms to help build China's industry.
Wittingly or not.
IBM has long ago become a services company, selling over priced, vague, business services, mostly to US Government and other companies already locked in. That business is not exportable since its bums on seats and the bums are H1Bs in America.
The only other business it has is the world biggest patent troll, patenting variations of other peoples inventions. (Remember the stack boundary check that IBM patents with the tiny addition of 'in an OS')? And hitting them for money (Twitter hit for $36 million rather than challenge 900 crappy troll patent).
And I'm sure many here have experienced IBM 'Business Consultants' coming in and throwing in their chaos. I remember IBM convincing top management that they should do QA, then rejecting non-IBM software as sub-standard on specious claims.
They have nothing to offer a company but pain and politics.
On the plus side, they're attacking China! So perhaps they can undermine that economy the way they did in the US, and are trying to do in Europe with software patents.
for IBM to lay off another couple hundred thousand.
Best Slashdot Co
And sued into the poor house by the shareholders and board of directors. This is not just training competition, but competition in a country notorious for wiping its ass with IP and trade secrets, using every other dirty trick to get ahead and using hyper nationalist politics to freeze out companies like IBM. Were she a politician and not a business executive, it would be roughly grounds for treason.
Geebus ! god save us from these short-sighted MoFos.
I would like to say that the Dept of State needs to know about this.
http://www.ecfr.gov/cgi-bin/text-idx?node=pt22.1.121
However, too many members of the Executive Branch in DC seem to hate the USA more than they hate the Chinese and are likely to WANT this to happen to all our Corps.
-- kjh
Those who grow snakes die poisoned.
After all of the American workers are fired, who is going to buy all the cheap stuff they make in China? The Chinese? Well, first you would have to pay them more. So the goods would cost more to produce. Doesn't seem to make much sense from a business point of view. Maybe from a charity point of view. On the other hand, hurting 1/3 of a billion in order to help 1 billion is not really a great ratio for a charity either.
If you are not allowed to question your government then the government has answered your question.
just work with them. They'll steal it before long.
I think, American company will use the chep workers for developing their production, but who knows=)
Comment removed based on user account deletion
small number of wealthy people, will become even more wealthy at the expense of American, middle class, workers. Welcome to the global economy!
The USA is only 4X older than me...perspective
Yea NSA did some shit to American Citizens, but its job is to know/spy on other countries. Because every few years Tanks seem to roll west out of some jackass despots country.
When the crap hits the fan though, I'm sure you will be first in line demanding those same NSA or US gov troops protect you from those Chinese and Russian tanks, troops, sci corp, etc...
Maybe we could put China on double secret probation.
The criticism is finally apt. I've always defended IBM against accusations of Nazi collaboration on the grounds that the Hollerith machines (used to make the holocaust more efficient) were built in Germany by a German IBM subsidiary, and they were sold for peaceful, legitimate purpose. That branch came under Nazi control, and IBM was not able to reclaim it until after the war. So far, not IBM's fault.
But now? To perform the same exact action, with a state that has killed many times over as the Nazi's? NOW they are culpable for everything the Chinese do with their technology. They are going into this eyes wide open.
They did business with the Nazis in WWII, why not the Chinese.
Are you comparing the Nazis and the Chinese?
Slashdot, fix the reply notifications... You won't get away with it...
... for short term profitability is alive and well.
The planes had to drop them early because they'd have run out of fuel had they flown farther. It was a simple fueling mistake.
Ezekiel 23:20
Comparing, as in saying that if Nazis were good enough for IBM, surely the Chinese are even more palatable? Makes sense to me.
Ezekiel 23:20
Why not?
Remember kids, if you're not paying for the service, YOU ARE THE PRODUCT THAT IS BEING SOLD.
Seriously, neo-cons are the ones destroying american business just for short term profits. GE, HP, att, gm, Boeing Cisco, and IBM are companies being ran into the ground by fucking neo-cons who look at stock manipulation rather than profits as ideal.
I prefer the "u" in honour as it seems to be missing these days.
We are simply witnessing another small step in the process by which China becomes the world's economic superpower and the US economy withers away. It seems fine while it's happening, another few years revenue locked in, share price rising. But no-one notices another round of layoffs for US employees replaced by offshore contractors. Might take 10, 20, 30 years, I can't tell, but there's going to be an almighty reckoning when the last white-collar job has been shifted offshore and the US shell companies have nothing left to sell.
There is a strong argument that China is more of a Fascist state than a Communist state. I sincerely doubt that Karl Marx would agree that the crony capitalism instituted in China is anywhere near an ideal communist state.
If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be-T J
Actually General McArthur (or was it Patton) wanted to nuke Beijing also, but was denied...
President Truman had reprimanded MacArthur on several occasions for publicly disagreeing with him over the general's proposal to pursue the Chinese across the Yalu River into China during the Korean War. The president relieved him of his command in April 1951. In secret, they had even discussed the possibility of using nuclear bombs against the North Koreans and the Chinese.
Huawei is not only selling networking gear but quickly becoming an all-encompassing IT behemoth with only two problems to solve in order to be the one-and-only, neither of which will last forever: bad press in international markets and a too slowly growing (for Huawei's pace) internal market.
For nations that have seen the truth (US and Australia), they've rightfully limited their presence.
Currently the likes of IBM have only two clear paths: join ventures with Chinese companies (no other way to get into China), get the money today and hope for the better for tomorrow, or not going into China and just perish in ten to fifteen years -oh! and still letting go today's money to other companies that go with option 'A'.
There's a third option - survive by using a combination of influence over the US(to handle Door A folks) and business strategy to minimize the Chinese threat.
Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
"There's a third option - survive by using a combination of influence over the US(to handle Door A folks) and business strategy to minimize the Chinese threat."
The problem is that China is hugh and has a lot of wealth. Taking it to an extreme, China right now could afford 20 years of autarchy just growing its internal market and still come out of it with the biggest companies on each market to blow out competition once they go international. Both governments and corporations know that; this is why they want to take positions (and getting some money right now) so to minimize their loses.