IBM 2007 Annual Report Download - page 1

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Dear IBM Investor:
I am very pleased to report to you on a superb
year for your company
a year of record revenue,
profit, cash flow and earnings per share. It reflects
the hard work of some of the worlds brightest
and most innovative women and men
the
IBMers Im proud to call my colleagues. It is also
the result of important strategic choices we made
several years ago
choices that have put IBM in
a strong position to continue to grow profitably,
to strengthen our client relationships, and to seize
the most attractive opportunities in a very
dynamic global economy.

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