$1.$ How would you assess IBM$$s performance over the ten$-$year period from $2004$ through $2013?$ What aspects of IBM$$s performance are most noteworthy? In what way, if any, is IBM$$s past performance likely to translate into future success or failure?

$2.$ Why did Palmisano adopt and communicate the $2010$ EPS $$Roadmap$$ in $2007?$ What were the key elements of the $2010$ Roadmap? How did the $2010$ Roadmap relate to IBM$$s strategic goals in $2007?$ Was the $2010$ Roadmap successful? Why or why not?

$3.$ How did IBM$$s $2015$ EPS Roadmap differ from the $2010$ Roadmap? How did the $2015$ Roadmap relate to IBM$$s strategic goals in $2015?$ What should CEO Rometty and CFO Schroeter have done in May $2014$: re$-$affirm the $2015$ Roadmap or abandon it$?$

$4.$ What is the impact of reinvestment, dividends, and repurchases on EPS and stock price? $($See the Distribution Examples spreadsheet for help in thinking through this.$)$