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.
But after IBM Corp. CEO Virginia Rometty's keynote speech, I was left unimpressed - and so was Wall Street. Last week, shares of IBM fell to five-year lows, off nearly 19% over 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.