Big Blue promises Big Bucks from Big Bets

Given the typical return these days from investments, a 2% dividend yield isn't bad. Trying to maintain the 5% yield is what got them in trouble - not spending on R&D, etc. to keep up the yield. Now, the question is, since they're out from under that dictum, are they going to spend the money on becoming a better company or fritter it away some where else?