I have a business homework due tomorrow.. I need a small paragraph about an investment in a company .. if anyone can help plese post anything from a business magazine or newpaper or even the net..
thank you
2007-09-15 03:11:20 · 1 answers · asked by silverstone131 2 in Business & Finance ➔ Other - Business & Finance
IBM nearly recouped the $1 billion it said it invested in the Linux operating system in 2001, the head of IBM's four server groups is expected to announce Wednesday.
Big Blue said more than a year ago that it would invest $1 billion in Linux--spending money on tasks such as bringing the Unix clone to its full line of servers, bringing its broad software portfolio to Linux, training its services and consulting personnel, and placing advertisements such as full-page ads in major daily newspapers.
"We've recouped most of it in the first year in sales of software and systems," Bill Zeitler, head of the server group, said in an interview before his keynote speech Wednesday at the LinuxWorld Conference and Expo. "We think it was money well spent. Almost all of it, we got back."
2007-09-15 03:53:55 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋