Our sales are where they were 6 years ago. The economy grew about 15% over 6 years.
No increase in Cap spending – we are a tech company, why spend capital to invent things, right??? IBM’s debt tripled to increase the share buy backs, awesome if you are Ginni, you are propping your own bonus value.
CapEx is the lowest ever, relative to sales – there is no investment into future. Financial engineering is all what matters today, all each of us is just a number on a spreadsheet.