View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 5, 1988


By CBR Staff Writer

Wall Street was not as quick as usual to read the message of the Amdahl Corp mainframe announcement and initially marked Amdahl’s shares down – no doubt on the sell on a strike principle that is time-honoured in the mining and oil industries – and IBM’s shares up (CI No 921): on Wednesday, after more consideration, those trends were reversed, and Amdahl jumped $1.875 to $42.25 while IBM shed $1.375 to $113.25; in fact, although IBM presumably knew all about Amdahl’s plans months ago, the new 5990 and disks do pose a significant threat to IBM’s bottom line, because while they won’t necessarily cost IBM business it might otherwise have won, they will force IBM to offer wavering customers even bigger discounts on the list price in order to keep them loyal.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.