Almaden -- Home of huge missed opportunities
In the early 2000's I worked on a project with IBM research. I got to visit the Almaden facility a few times. While there we would be given a briefing on the work being done there. At the time IBM had a web search engine that was as good as Google's. Google was in its infancy and hadn't yet come to dominate the search market. IBM had a working prototype of a large cluster of inexpensive (Intel) servers working together cooperative. Google and Amazon were both working on similar technology. I recognized immediately the immense value and potential of this work. Had IBM acted on these innovations it could have been the Google of search and the Amazon of cloud computing. But we all know how this story ended. IBM didn't have a clue how to commercialize and monetize this technology. As Lou Gerstner once said: "Good idea's don't come out of IBM research. They escape."
The real estate value of the Almaden site is spectacular. I am sure IBM is already planning its sale and factoring that income into future earnings statements.
To the brilliant people in IBM research I have simple advice -- GET OUT. Go somewhere where your innovations will see the light of day and truly change the world. That place is not IBM.