Michael Kanellos has written one of these great articles about failed tech predictions.

"The PC will disappear.

This is the Area 51 theory of the hardware world--it never goes away. IBM was supposed to get out of PCs. Then HP. Internet appliances were supposed to kill them, and soon game consoles and set-top boxes will. Around 161 million will get shipped this year. "

"Services--that's where the money is at.

Everyone is getting into services. But although the market is growing, there is a major problem with services: It's not as profitable as everything else. In the most recent quarter, IBM reported a gross margin of 25.1 percent. That's lower than the margin in hardware, 25.2 percent; software, 85.2 percent; financing, 57.7 percent; and other, 53.4 percent. "