Word: ibm
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Ultimately, System/360, which revolutionized the industry, proved to be wildly successful as well. IBM's base of installed computers jumped from 11,000 in early 1964 to 35,000 in 1970, and its revenues more than doubled, to $7.5 billion. At the same time, IBM's market value soared from about $14 billion to more than $36 billion...
...perhaps his proudest achievement was to emerge from the shadow of a legendary, relentlessly demanding father. In his first five years as chairman, the younger Watson observed the anniversary of his father's death in 1956 with a ritual. He quietly took stock of what IBM had accomplished since his father died, and then said to his wife, "That's another year I've made it in his absence...
Senior writer John Greenwald wrote his first cover story for TIME in 1982; the subject: IBM...
...chain began to take off, Walton made major adjustments to manage the growth--again always seeming to see ahead. As early as 1966, when he had 20 stores, he attended an IBM school in upstate New York. His goal: to hire the smartest guy in the class to come down to Bentonville, Ark., and computerize his operations. He realized that he could not grow at the pace he desired without computerizing merchandise controls. He was right, of course, and Wal-Mart went on to become the icon of just-in-time inventory control and sophisticated logistics--the ultimate user...
...IBM had decided to build personal computers and needed a PC operating system. (Computers are born naked; they need operating systems to be presentable.) Mammoth, blue-chip IBM employed thousands of capable software builders, and didn't trust a single one of them; IBM hired Microsoft to build its operating system. Microsoft bought Q-DOS from a company called Seattle Computer Products and retailored...