[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fJ4kyHILjnG2Z6VakQzbOYxSVlpSAyUPbt6oz_G55HkM":3,"$f-q-CBrklGx6fUSB_L-1v5Owbg-vDyApjncDom1ceEDo":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},167368,"Steven Milunovich","S",24,null,"steven-milunovich",[],{"quotes":13,"pagination":126},[14,28,40,51,62,73,84,95,106,117],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":27},2102674,"Clearly they were bullish and they were really pointed to (the fact) that IBM is getting a benefit from the Internet.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5088586,{"id":25,"tag_name":26},3419,"benefit","**The Backstory**\nSteven Milunovich, a well-known technology analyst, uttered these words in the late 1990s, a time of rapid technological advancement and widespread optimism about the internet's impact on the business world. As a researcher at UBS Warburg, Milunovich was known for his insightful analysis of the tech sector, and his comments on IBM's internet strategy were likely part of a larger discussion about the company's future prospects. During this period, the tech industry was experiencing a surge in growth, and many investors were eager to capitalize on the trend.\n\n**The Hidden Insight**\nAt first glance, the quote seems like a straightforward expression of optimism about IBM's prospects. However, upon closer examination, it reveals a more nuanced perspective. Milunovich's comment highlights the tension between the benefits of technological progress and the challenges of adapting to changing market conditions. In this case, the \"benefit\" of the internet for IBM is not a guaranteed outcome, but rather a potential advantage that the company must actively work to realize.\n\n**How to Use This**\nTo apply this mindset in today's fast-paced business environment, professionals should focus on identifying the potential benefits of emerging trends and technologies, while also acknowledging the uncertainty and challenges that come with them. By doing so, they can develop a more nuanced understanding of the opportunities and risks involved, and make more informed decisions about how to navigate the ever-changing landscape.",{"id":29,"quote_text":30,"author_id":5,"source_id":17,"has_image":18,"author":31,"source":32,"quote_tag":33,"commentary":39},2102667,"I'm looking for a new challenge. There comes a point when, as a consultant who suggests to other people what they should do, you want to do it yourself.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[34],{"id":35,"tag":36},5088579,{"id":37,"tag_name":38},8088,"consultant","**The Backstory**\nThis quote is attributed to Steven Milunovich, a renowned Wall Street analyst and expert in the tech industry. While I couldn't pinpoint an exact date or location for this statement, it's likely from his career as a consultant, possibly around the late 1990s or early 2000s when he was working with top-tier firms like Merrill Lynch. At that time, Milunovich was already recognized for his in-depth analysis and predictions on companies like Intel and IBM.\n\n**The Hidden Insight**\nOn the surface, this quote may seem like a typical career aspiration, but it reveals a deeper tension between expertise and experience. Milunovich is acknowledging that there's a limit to how much one can advise others without gaining hands-on knowledge and taking calculated risks themselves. By saying \"you want to do it yourself,\" he's highlighting the importance of bridging the gap between theory and practice.\n\n**How to Use This**\nTo apply this mindset today, a modern professional or creative should aim to balance their advisory role with tangible experience. Instead of just offering suggestions, they should actively seek opportunities to implement and execute their ideas, thereby gaining valuable first-hand knowledge that can inform their future guidance.",{"id":41,"quote_text":42,"author_id":5,"source_id":17,"has_image":18,"author":43,"source":44,"quote_tag":45,"commentary":9},2102659,"suggest that UNIX server growth across the industry is accelerating due to a solid Internet build-out. Sun is becoming the new IBM.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[46],{"id":47,"tag":48},5088571,{"id":49,"tag_name":50},25099,"across",{"id":52,"quote_text":53,"author_id":5,"source_id":17,"has_image":18,"author":54,"source":55,"quote_tag":56,"commentary":9},2102652,"The average increase looks to be about 3 percent with the Europeans again being more optimistic.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[57],{"id":58,"tag":59},5088563,{"id":60,"tag_name":61},4044,"again",{"id":63,"quote_text":64,"author_id":5,"source_id":17,"has_image":18,"author":65,"source":66,"quote_tag":67,"commentary":9},2102650,"Although (IBM) CEO Gerstner said in May he has no concerns about services, we do. EDS, SCS, and Perot have each suffered recently. Contract signings appear solid, but the time between outsourcing order and implementation may be increasing in the mature U.S.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[68],{"id":69,"tag":70},5088558,{"id":71,"tag_name":72},3459,"although",{"id":74,"quote_text":75,"author_id":5,"source_id":17,"has_image":18,"author":76,"source":77,"quote_tag":78,"commentary":9},2102642,"Although there are puts and takes along with substantial integration risks, we think our support of the deal will be rewarded. Cost savings and a more powerful vendor should result in a trade to at least the mid-$20s; our sum-of-the-parts analysis comes up with $28 per share.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[79],{"id":80,"tag":81},5088554,{"id":82,"tag_name":83},15496,"along",{"id":85,"quote_text":86,"author_id":5,"source_id":17,"has_image":18,"author":87,"source":88,"quote_tag":89,"commentary":9},2102633,"This contrasts with some surveys that find flat to down spending in 2002. We wouldn't split hairs; our conclusion is that users see a modest pickup.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[90],{"id":91,"tag":92},5088546,{"id":93,"tag_name":94},12829,"conclusion",{"id":96,"quote_text":97,"author_id":5,"source_id":17,"has_image":18,"author":98,"source":99,"quote_tag":100,"commentary":9},2102630,"This is the best tech durable goods report we have seen in a while. The book-to-bill increased to 1.07, the best figure since September, while the inventory-to-shipment ratio was flat at 1.14.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[101],{"id":102,"tag":103},5088542,{"id":104,"tag_name":105},2294,"best",{"id":107,"quote_text":108,"author_id":5,"source_id":17,"has_image":18,"author":109,"source":110,"quote_tag":111,"commentary":9},2102622,"Tepid company guidance makes us cautious in extrapolating.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[112],{"id":113,"tag":114},5088537,{"id":115,"tag_name":116},21739,"cautious",{"id":118,"quote_text":119,"author_id":5,"source_id":17,"has_image":18,"author":120,"source":121,"quote_tag":122,"commentary":9},2102611,"Tech valuations have fallen by about one-third since early-September. Although technology stocks are not at bargain basement prices, semis, communication equipment, and hardware are trading at the lower end of their five-year ranges. These sectors are also looking attractive relative to the S&P 500. Wireless, storage, and software remain expensive.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[123],{"id":124,"tag":125},5088529,{"id":71,"tag_name":72},{"currentPage":127,"totalPages":128,"totalItems":8,"itemsPerPage":129},1,3,10]