Kalam, Palmisano to address IBM meet

DQC Bureau
New Update


June 6, 2006


Sam Palmisano, Chairman and CEO of IBM, will address around 10,000 of his

company employees in India on Tuesday, at the company's annual investment

analyst meet in Bangalore. The Palace Grounds in Bangalore will play host to

this event, which will include speakers such as Dr APJ Abdul Kalam, President of

India, Sunil Mittal, Chairman, Bharti Tele-ventures and Shankar Annaswamy, IBM's

MD, India.

Palmisano is slated to speak on innovation in an era of globalization and

showcase India's vast potential, capabilities and its significant role in the

global economy.

India has assumed a position of importance in IBM's strategy to leverage

value from offshore operations in a low-cost economy or n other words a

significant hub in its global delivery model. The company ramped up its

headcount from 9,000 to 43,000 in the last two years, and has plans to add

thousands more.


Market sources feel that IBM's decision to hold the annual analyst meet in

Bangalore shows that the company is bullish on markets like India and China.