I'm surprised only one comment here mentions patents. IBM are filing patents as fast ever, and while they're trying to get into "the cloud" like everyone else,

I'm surprised only one comment here mentions patents. IBM are filing patents as fast ever, and while they're trying to get into "the cloud" like everyone else, I get the impression that they're also still working on hardware R&D, as well as the AI research that goes into projects such as Watson. Also they calculate the Wimbledon serve speeds, so they've got that going for them which is nice.