IBM was the awesome, undisputed king of the computer trade until the entry of Microsoft and Intel. What has happened since is a _____of fortune.
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IBM was the awesome, undisputed king of the computer trade until the entry of Microsoft and Intel. What has happened since is a startling revelation of fortune
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A decade ago
IBM was the awesome, undisputed king of the computer trade until the entry of Microsoft and Intel. What has happened since is A decade ago of fortune.
- Additionally, Microsoft and Intel have become the most dreadful rivals in the computer business at a time when IBM is losing ground in market after market. Wall Street's stats provide a stunning narrative. Ten years ago, IBM's market worth was almost equal to that of Intel and Microsoft's combined shares.
- The worth of Microsoft topped that of its former mentor, Intel, last week for the first time ($26.76 billion to $26.48 billion), and it is not far behind ($24.3 billion), with IBM's stock at an 11-year low. Intel's and Microsoft's profits increased 30% and 44%, respectively, but IBM is reporting losses.
- rival software is being created by the two businesses. Microsoft and Intel joined forces to take on IBM. IBM started buying chips from Intel instead of Microsoft.
- IBM needed software, among other things, to make the first PC's numerous programmes run. Consequently, IBM approached Microsoft and other software developers about their top-secret "Project Chess" (also known by the initials PC), but not before demanding that they all sign nondisclosure agreements.
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