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Whenever a CEO takes the stage at the Consumer Electronics Show (CES) in Las Vegas, we investors expect them to reveal something meaningful… innovative… in a word – big.
For example, during his CES address earlier this week, Netflix Inc. (Nasdaq: NFLX) CEO Reed Hastings declared that 2016 would mark "the birth of a new global Internet TV network."
And with his firm's streaming service now in more than 130 countries, Hastings' enthusiasm is vindicated.
That wasn't the only "big" announcement we saw at CES.
LG Electronics Inc. (OCTMKTS: LGEAF) rolled out a screen that can be rolled up like a newspaper… Samsung Electronics Co. Ltd. (OTCMKTS: SSNLF) used its time in the spotlight to showcase how its motion controllers are taking virtual reality gaming to the next level… Ford Motor Co. (NYSE: F) revealed that it's tripling its fleet of driverless cars this year – and making deals with Amazon.com Inc. (Nasdaq: AMZN) and DJI to make its "connected cars" even more innovative.
But there was one CEO whose enthusiasm seemed forced and misplaced.
International Business Machines Corp. (NYSE: IBM) CEO Virginia Rometty, during her keynote speech, spoke about Watson, the company's artificial intelligence process… and unveiled what amounts to a souped-up fitness tracker.
As CEOs at CES tend to do, she assured us this new technology will change the world.
I was unimpressed – and so was Wall Street. Last week, shares of IBM fell to five-year lows, off nearly 19% over the last six months.
This sudden drop is only the latest bad news for the once-mighty IBM.
And it's just one reason why I've penned a letter to Rometty and offered her a custom-made action plan. If she listens, my plan will rescue IBM by making it the undisputed leader in one of the fastest-growing sectors of the market.
Take a look…
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About the Author
Michael A. Robinson is a 36-year Silicon Valley veteran and one of the top technology financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...
- He was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon.
- He was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
- As cyber-security was becoming a focus of national security, Michael was with Dave DeWalt, the CEO of McAfee, right before Intel acquired his company for $7.8 billion.
This all means the entire world is constantly seeking Michael's insight.
In addition to being a regular guest and panelist on CNBC and Fox Business, he is also a Pulitzer Prize-nominated writer and reporter. His first book Overdrawn: The Bailout of American Savings warned people about the coming financial collapse - years before the word "bailout" became a household word.
Silicon Valley defense publications vie for his analysis. He's worked for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
Michael is 100% independent and receives absolutely no compensation from companies he writes about. His ideas are completely his own.
So, it probably goes without saying that you won't ever be left in the dark about breaking innovations, ahead-of-their-time technologies, and breakout companies on the cusp of changing the world once you join this world.