The quote is quite interesting and (at least apparently) convincing. IBM, having been incorporated 100 years ago, 000-N34 Questions and Answers surely is an old company. It sells "old tech" like servers, develops the technological infrastructure of hospitals and banking networks, and provides IT consulting services to lots of enterprises around the world. This is certainly nothing that in our days could still sound exciting. Maybe ten years ago, but not now. A great many companies are in these businesses.
Hence, IBM's business one day will be replaced. I totally agree.However, there is one element in this story that Druckenmiller (an 000-N34 Questions and Answersd not only him) tends to ignore: History.Starting in the 1880s, various technologies came into existence that would form part of IBM's predecessor company. Julius E. Pitrat patented the computing scale in 1885; Alexander Dey invented the dial recorder (1888); in 1889, Herman Hollerith patented the Electric Tabulating Machine and Willard Bundy invented a time clock to record a worker's arrival and departure time on a paper tape.
On June 16, 1911, the above technologies and their respective companies were merged by Charles Ranlett Flint to form 000-N34 Questions and Answersthe Computing-Tabulating-Recording Company (C-T-R). The New York City-based company manufactured and sold machinery ranging from commercial scales and industrial time recorders to meat and cheese slicers, along with tabulators and punched cards.
http://www.testonside.com/000-n34.html
Hence, IBM's business one day will be replaced. I totally agree.However, there is one element in this story that Druckenmiller (an 000-N34 Questions and Answersd not only him) tends to ignore: History.Starting in the 1880s, various technologies came into existence that would form part of IBM's predecessor company. Julius E. Pitrat patented the computing scale in 1885; Alexander Dey invented the dial recorder (1888); in 1889, Herman Hollerith patented the Electric Tabulating Machine and Willard Bundy invented a time clock to record a worker's arrival and departure time on a paper tape.
On June 16, 1911, the above technologies and their respective companies were merged by Charles Ranlett Flint to form 000-N34 Questions and Answersthe Computing-Tabulating-Recording Company (C-T-R). The New York City-based company manufactured and sold machinery ranging from commercial scales and industrial time recorders to meat and cheese slicers, along with tabulators and punched cards.
http://www.testonside.com/000-n34.html