Monday, October 12, 2009
Blues for IBM
ONE of the biggest back-from-the-brink stories of the 1990s was IBM. After suffering a staggering $8.10 billion loss in 1992, the lumbering giant turned its declining fortunes around by transforming itself from a hardware company to a dominant provider of software and services. Now, it appears the company has become too dominant, and is under scrutiny by antitrust authorities in the United States and the European Union for a business segment few people think about these days--mainframes.
