Word: compaq
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Dates: during 1983-1983
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...companies now enjoying the greatest growth in personal computers are those that produce virtual clones of IBM's PC. Houston-based Compaq Computer, which last week announced that it was registering stock for an initial public offering, makes a portable version of the PC. Sales of the 21-month-old company reached $36 million during the quarter that ended Sept. 30. Eagle Computer, which had sales of $14.2 million in the three months ending Sept. 30, a more than fivefold increase from last year, now sells nine IBM work-alikes. Boasts Eagle President Ron Mickwee: "We have more...
With IBM on a roll, some computer dealers worry about its growing market dominance. Companies like Apple and Compaq may be helped in the future by the eagerness of computer-store owners to have something to sell besides IBM products. Says Seymour Merrin, a Westport, Conn., dealer: "We cannot allow our futures to be totally controlled by an outside force like IBM. If you do, you become a slave, not a business." But if IBM continues to move forward at its present pace, dealers may have little choice. IBM controls 70% of the mainframe computer market, and the company...
...taking secrets with them to a new job. It is not easy. Points out California Attorney James Pooley: "The most difficult area the courts have to grapple with is the distinction between your ideas and the company's property." Texas Instruments sued ten employees who left to start Compaq Computer, even though the Compaq machine, a portable that works like an IBM Personal Computer, does not use the same operating systems or software as the T.I. machines. Compaq retaliated with a $60 million suit charging Texas Instruments with restraint of trade...
...atmosphere of Walt Disney's nearby Fantasyland. In the dome-shaped main hall, robots caromed around the floor. Overhead, a single-engine plane circled, dragging a sign announcing COMPAQ IS HERE. At one booth, a man dressed up like the Red Baron demonstrated a program that enables a personal computer to accept voice commands. Apple Computer rented Disneyland for an evening to entertain 12,000 of its most intimate customers, employees and friends. For the more serious, discussions were held on topics like "Surviving Success-an Industry Dilemma...
...growing incredibly fast: from $4.7 billion last year to $7.7 billion this year and to a projected $21.6 billion by 1987. As the industry gets bigger, the risks get bigger too. No longer can someone launch a company from a garage with pocket money. A new firm like Compaq Computer, which makes a portable IBM work-alike computer, spent $30 million getting started. Carving out a piece of the market is also expensive. Advertising used to consist of just a few homemade ads in electronic hobby magazines. This year some companies will spend tens of millions of dollars on publicity...