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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (7979)	1/15/2004 6:51:45 AM
From: hdl	Respond to of 8218

$100B ain't what it used to be

To: Gus who wrote (7979)	1/15/2004 9:48:04 AM
From: Arrow Hd.	Read Replies (1) \| Respond to of 8218

Gus, you are absolutely correct, the big bet in the early 80s was getting to the 100 billion mark by the end of the decade but it never happened and the entire infrastructure built to handle that level of business had to be downsized. Out went full employment, in came layoffs, lower stock price, price attrition, product deficiencies and a host of other problems. If you just look at the revenues represented by Dell, MSFT, HP, the chip sector, etc., all areas that IBM competed in, some of which they invented, you can see how the 100 billion projection came about but the execution was not there to keep market share and own business sectors. Anyway, a lot did turn around in the 90s for which many of us are thankful.