IBM 2001 Annual Report Download - page 19

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no. 4
We didn’t take“no” for an answer
WHAT THE LOTUS ACQUISITION TAUGHT US
History records that on June 5, 1995, we launched the hostile
takeover of Lotus Development Corp. At the time, it was
billed as the largest software acquisition ever. It was actually
much bigger than that.
It was the moment that signaled we were out of survival
and turnaround mode; when we asserted the will to lead again.
In acquiring Lotus and its elegant collaborative software
program, Notes, we simultaneously filled a hole in our portfolio,
made a bold move into the world of networked computing,
and announced that IBM was back.