Word: ibm
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...also the worst of times. For most of the companies that make those computers, that market has suddenly become a lethal place. Once successful companies such as IBM, Compaq, Dell and Apple are floundering; profits are plunging, margins squeezed. Last month one of the personal-computer industry's leading lights -- the pioneering Tandy Corp. -- became a prominent casualty. Faced with $52 million in losses in the past year and an even bloodier future, Tandy decided to abandon the PC business, which accounted for 10% of its sales last year. The company simply could not survive the intense price competition...
...little more than cheap, interchangeable commodities. Since the PCs all use basically identical hardware, consumers are no longer picky about what brand of computer they buy so long as the price is right. The result: retail prices are falling an average of 8% every three months. A fully loaded IBM PS/1 computer with the latest hardware typically sells for $1,699, for instance, in contrast to $1,999 for a similar model two years ago. That is in part because one can order a computer in every way comparable to the PS/1 from a mail-order discounter like Gateway...
Instead, Mara says Harvard's accounts are really money owed to the University by other companies who cannot pay Harvard what they owe it. Companies that owe Harvard money and have turned checks over to the treasurer's office include IBM, AT&T, Sunoco and McGraw Hill...
According to Mara, some of the money owed to the Business School is held by companies in which the University has investments. Philip Morris, for example, owes the school a $150 dividend check. In addition, IBM appears to owe the Harvard Coop some investment-related money, Mara says...
...brought Boris Karpov, another world-champion grandmaster, to Harvard to play a match against the IBM supercomputer Deep Blue, the world's most powerful chess-playing computer...