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For the likes of you and us, with a very limited view of the worldwide computer industry, it is pretty difficult as investors to pick winners even half the time, but when one has an unrivalled global view gained by total dominance of much of the market, it should be a cinch, shouldn’t it – so how did IBM’s major investments perform in 1986? Well, Intel Corp lost $173.2m, MCI Communications Corp lost $448.4m, and Rolm Corp, which no longer publishes separate figures, is estimated by observers to have lost in the region of $100m.

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