If IBM had been spending hundreds of billions on its phone thing in 1994, though, well, there would probably have been no IBM by the early-noughties when smartp

If IBM had been spending hundreds of billions on its phone thing in 1994, though, well, there would probably have been no IBM by the early-noughties when smartphones that people wanted to use started to become practical. "It may or may not produce something useful, in a few decades" cannot justify the present level of spending; that's just not going to fly. Without concrete results _soon_, the whole thing is in very big trouble.