Word: ibm
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Dates: during 1990-1999
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...Just a few years ago, IBM dominated its Japanese rivals so completely that Tokyo experts quipped, "When IBM sneezes, Japanese computer makers are blown away." No longer. Last week Fujitsu, Japan's largest computer company, unveiled what it called the highest-performance general-purpose computer in the world. The timing of the announcement stole thunder from IBM, which the next day introduced its own new generation of mainframe machines. IBM touted the new computers as its most important roll-out in 25 years...
...July you could have bought IBM October 100 puts for $25 each and sold them for $560 when the Middle East tension was at its height a month later. Twenty times your money in a month...
...years IBM's competitors have been doggedly pushing to break the lock the American giant holds on the global market for computers. Still, Big Blue controls more than 35% of the worldwide business, far more than any of its rivals. But last week Japan's leading computer firm, Fujitsu, moved somewhat closer to realizing the goal when it agreed to pay $1.3 billion for an 80% stake in International Computers Limited, Britain's leading computer manufacturer. The deal, which must still be approved by the British government, is Japan's largest acquisition in the computer industry, and will give...
...Fujitsu moves to seize a greater market share in Europe, it is likely to move cautiously, though surefootedly. No one appreciates that threat more than IBM...
Digital Equipment Corp. used to be the computer industry's most invincible number cruncher. For nearly three decades, the Massachusetts-based manufacturer enjoyed uninterrupted growth as its potent line of VAX midrange computers muscled sales away from IBM by offering comparable computing power at cut-rate prices. But DEC has proved to be vulnerable after all. Caught in an industry-wide slowdown, the company will pare its work force by 9,000, or about 7%, by year's end. Last week DEC posted a quarterly loss of $257 million, the first red ink in its 32-year history...