Word: ibm
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Dates: during 1990-1999
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...million workers nationwide. Two weeks ago giant Citigroup disclosed that it too is making the changeover; the week before, CBS made the switch as part of a comprehensive benefits overhaul. Both firms are sweetening the pot with stock options to keep workers focused on performance rather than longevity. IBM is reportedly contemplating a similar change that would save $200 million a year...
...zero? A new service, Free-pc.com offers a free 300-MHz PC if you are willing to devote one-eighth of your desktop to a perpetual series of scrolling banner advertisements. It's hard enough to compete with low-priced rivals, let alone free ones. Maybe that's what prompted IBM CEO Louis Gerstner to write in a March letter to shareholders, "The PC era is over...
...least for IBM it is. What an astonishing statement from the head of the company that created the PC industry! But last week Big Blue announced that it lost a billion dollars on PCs in 1998. Gerstner believes the future is in networks and servers, both IBM strongholds...
...IBM gets no argument from Dell and Compaq, the two U.S. market-share leaders, which have been slugging it out for more than a decade. They are moving the battle from the saturated consumer market to better-heeled corporate customers. Margins in that market are shriveling as Dell and Compaq bundle heaps of services, software and support to sweeten the deal for finicky clients who have plenty of negotiating leverage. "All brands come with an unbelievable amount of management software, fast CPUs [central processing units] and everything else you need," says Roger Baumann of Affiliated Networks, a small Miami marine...
Dell, as well as Compaq and IBM, is still a powerful brand in an indispensable industry, but then again, Sony is a leading brand in an industry in which pricing and growth rates were once comparable to the PC business: television sets. Today Dell trades at a price/earnings ratio of 75; Sony trades...