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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (150713)8/30/2002 5:20:29 PM
From: TGPTNDR  Read Replies (2) of 1585889
 
ted, Re: < Not to sound too stupid, but why is this analogous? I mean, I didn't even know that IBM had made typewriters. Were they into refrigerators as well? <g>>

LOL!!!

IBM had the best typewriters on the market. IBM Selectric. Wonderful machines.

ibmtypewriters.com

Anybody who could afford one and did a lot of typing owned -- or wanted one. There was even an interface module so you could hook it up to your computer. ( I'm not talking about PCs here. )
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John F. Akers became CEO in 1985 and focused on streamlining operations and redeploying resources. IBM's typewriter, keyboard, and printer business -- the division that created the popular "Selectric" typewriter with its floating "golf ball" type element in the 1960s -- was sold to the investment firm of Clayton, Dubilier & Rice Inc. and became an independent company, Lexmark Inc.
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scripophily.net
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But the point was that by the time the first word processors were out for the PC it was clear -- to nobody but IBM -- that the Selectric was the last of breed.

And I've a feeling the same may be true of the current form of disk drives.

Note -- That doesn't mean there isn't still 10 good years in the business, and since, for you, long term core holding is a week or so ---

Have a nice holiday!

-tgp
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