Sign up for our newsletter
Technology / AI and automation

IBM WORSE THAN REALISED

They’re particularly interested in IBM Corp’s disk drive business at the San Jose Mercury because it is of course run from San Jose, and they have spotted from the annual report that IBM breaks out the figures clearly for the first time and show that it has been doing rather worse than anyone had realised: the unit has seen double-digit sales declines in each of the last three years, slumping to $5,100m in 1993, down nearly 20% on 1992, which was itself down 12% on the $7,200m that Storage Systems recorded in 1991; the company did not disclose profit figures – but that kind of decline implies very substantial losses.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.