IBM Corp's chief executive told shareholders Tuesday that Big Blue stands ready to reap the benefits of the coming boom in business Internet spending, provided it happens. \n"This is IBM's franchise. The opportunity that results from this industry shift is ours to lose," an upbeat Samuel J. Palmisano said to about 400 investors gathered for the company's annual meeting. \nIBM was widely chided for having missed the Internet boom in the late 1990s, an assertion that the company later turned around and used to its advantage, when the dot-com bubble burst. \nPalmisano said IBM's deft use of security technology, networking and its giant services arm were the right tools for the new wave of emerging Internet devices. \nIBM also increased its quarterly dividend by a penny to US$0.15 a share and boosted its stock repurchase authorization by US$3.5 billion. \nThe shareholders meeting signaled the leadership transition at Big Blue. IBM chairman Louis V. Gerstner presided, but it was Palmisano, his successor as chief executive, who outlined business strategy. \nThe retiring Gerstner, who will remain IBM chairman through the end of 2002, said he did not intend to remain on the company's board after his retirement. \nShareholders overwhelmingly defeated four proposals opposed by IBM. One attempted to alter accounting practices to prevent IBM executives from reaping extra pay for earnings made by pension funds.
‘HERO OF THE ERA’: President Tsai Ing-wen expressed deep sadness at Lee’s passing, and told the government to assist his family with all their needs Former president Lee Teng-hui (李登輝) passed away at 7:24pm yesterday at Taipei Veterans General Hospital. He was 97 years old. The hospital stated the cause of death as septic shock and multiple organ failure. Lee had been hospitalized there since February, when he choked on a mouthful of milk at home. He was later diagnosed with pulmonary infiltrates and aspiration pneumonia. The hospital said that Lee had been treated with antibiotics, but that his health had not improved, as his advanced age and diabetes had inhibited his immune system and led to recurring infections. During his hospitalization, Lee underwent daily kidney dialysis, which removed
‘WEAK POSITIVE’: The man arrived in Taiwan in May and was quarantined for two weeks, Chen Shih-chung said, adding that he might be infected a long time ago The government is considering tightening mask-wearing rules again in light of a potential domestic COVID-19 infection, Minister of Health and Welfare Chen Shih-chung (陳時中) said yesterday. The Central Epidemic Command Center (CECC) confirmed seven new COVID-19 cases, six of which are imported. The other case involves a Belgian engineer who entered Taiwan on May 3 and remained in quarantine until May 17, said Chen, who heads the CECC. Although the source of infection has yet to be identified, the case could end the nation’s record of not having any domestic cases in the previous 110 days. The Belgian, in his 20s, is a technician
RECEIVING TREATMENT: President Tsai Ing-wen, Vice President William Lai and Premier Su Tseng-chang visited former president Lee Teng-hui yesterday morning Taipei Veterans General Hospital yesterday rebutted speculation that former president Lee Teng-hui (李登輝) had died a day earlier, saying that he was weak, but receiving treatment. The hospital said the 97-year-old Lee was not in good condition and needed ongoing care, adding that if there are any changes in his condition, it would make those public. The comments came after rumors emerged online on Tuesday that Lee had died after being hospitalized since early February. Soon after the unsubstantiated rumors emerged, reporters started flocking to the hospital seeking confirmation. Lee was admitted to Taipei Veterans General Hospital on Feb. 8 after choking while drinking
THAI CASE UPDATE: Twenty-nine close contacts of the worker have been tested with two types of tests, including 18 dorm mates, with 28 negative results so far Five imported cases of COVID-19, four from the Philippines and one from Hong Kong, were reported yesterday, bringing the total confirmed cases in Taiwan to 467, the Central Epidemic Command Center (CECC) said yesterday. The four returning from the Philippines were on the same flight, and the local health department has identified 15 people who had direct contact with them — including 10 passengers in the two rows in front or behind them, who have been put under 14-day home isolation, and five crew members, who will practice 14-day self-health management, said Centers for Disease Control (CDC) Deputy Director-General Chuang Jen-hsiang