Word: ibm
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Dates: during 1990-1999
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...stocks can move the market like Big Blue. IBM, whose $63 billion value ranks No. 1 among U.S. public companies, is America's most heavily traded stock, typically accounting for at least 25% of the stock market's activity. Last week the world's largest computer company demonstrated its mighty influence when it stunned Wall Street with a disappointing earnings report. After IBM announced Tuesday that first-quarter profits would be $514 million instead of the $1.03 billion analysts had expected, the stock plunged, cutting the company's value $7 billion in a single day. The rest of the market...
With 61% of its revenues coming from abroad, IBM blamed an international economic slowdown and the Persian Gulf war for poor earnings. Big Blue's bad news was especially troubling for other computer companies, such as Digital Equipment and NCR, whose stocks also fell as traders anticipated similar earnings declines...
Reich's thesis is sound-bite simple: economic nationalism has become as outmoded as the typewriter. The dominance of globe-girdling corporations like IBM, Sony and Siemens has rendered America irrelevant in a traditional economic sense, along with all national borders. This "global web" (a favorite Reich phrase) means that today "a sports car is financed in Japan, designed in Italy, and assembled in Indiana." Thus it is folly to subsidize or even root for an American company against its Japanese or European competitors, since such national labels are just convenient fictions, like tankers flying the Panamanian flag. What matters...
...company hopes it can license its elegant control software, called PenPoint, to computer manufacturers who would in turn pay Go royalties. Among the firms that are expected to begin shipping PenPoint models within the next six to 12 months: Grid, NCR and the biggest computer maker of them all, IBM. The machines will probably sell for $4,000 to $6,000. Microsoft -- the software giant based in Redmond, Wash., that has supplied IBM's operating systems in the past -- has ideas of its own, however. It is set to introduce a competing system, Pen Windows, next month...
Last November, at the age of 43, Carol Beebe lost her left breast to cancer. But when she awoke from mastectomy surgery at New York City's Columbia- Presbyterian Medical Center and gazed down at her chest, nothing appeared to be missing. Beebe, an IBM employee from Point Pleasant, N.J., had chosen to have a reconstruction of her breast immediately following the mastectomy. In a single operation, plastic surgeons shaped a new breast from Beebe's own abdominal tissue, moving it into place minutes after the general surgeons had removed the diseased breast. The technique spares the patient the anguish...