Compaq raced into the void with 386-based pcs. Since 1986, the pc division at ibm has been unable to locate the sweet spot of consistent profits, though its computers remain among the best. Things look okay on the surface. Stock prices are close to their 52-week highs. Profit margins are not only sky-high but guaranteed by regulators.
Growth is solidly double-digit.
The only dark cloud is an angry government. Moore's Law proved to be a force that nearly flattened both ibm and dec. When the dust settled, Intel and Microsoft stood over the old giants. All rights reserved.