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April 30, 1987

IBM FOURTH ON LIST OF LARGEST US INDUSTRIAL CORPORATIONS

By CBR Staff Writer

IBM has climbed one place to fourth in Fortune International magazine’s Fortune 500 list of the largest US industrial corporations, overtaking Mobil Oil but behind General Motors, Exxon and Ford; AT&T also rose one place, to eighth, despite having the fifth steepest decline in profits on the whole list, with Xerox Corp up eight at 32, DEC surprisingly only up 11 at 44, Unisys in at 46, Hewlett-Packard up seven at 51 and Honeywell, before the hiving off of Information Systems to Honeywell Bull, up four to 56; lower down the scale disk drive manufacturer Seagate Technology at 481 showed the second best return for investors in 1986 behind timber company Jefferson Smurfit while supercomputer maker Cray Research at 426, overall showed the best return on sales in 1986 and placed second in the total return to investors over the period 1976-86 category with Telex Corp – 387th overall – and Computervision – 471st overall – not far behind; Storage Technology, currently reorganising under Chapter XI protection, was only one off the bottom in the list covering sales per dollar of shareholders equity and Advanced Micro Devices placed 498th in the level of sales per employee, jsut one place below PepsiCo Inc.

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