IBM venture with China stirs concerns

IBM was arrogant in saying, ‘We’ll give them some tech and then innovate faster than them,’ and that wasn’t the case.

— Clyde V. Prestowitz, a former counselor to the Secretary of Commerce during the Reagan administration, telling the New York Times that U.S. technology giant IBM made a mistake when it gave its technology to Japanese firms decades ago, and is now about to make a similar mistake with China.