IBM would be in the discussion for massive market cap today if not for the government forcing them out of the PC market.
Sent from Yahoo Mail for iPhone On Sunday, October 11, 2020, 1:48 AM, Wayne Bickerdike <wayn...@gmail.com> wrote: At 6.5%, the iPhone maker’s share in the S&P 500 just surpassed the record 6.4% that IBM held 35 years ago, data compiled by S&P Dow Jones Indices and Bloomberg show. Apple’s overall market cap stands at $1.875 trillion, about 7% away from $2 trillion. The breakthrough speaks to the strength of a company that few can match in a year when Covid-19 is raging. Up 49% this year, Apple’s gain beats all U.S. companies with a market value above $300 billion, except for Amazon.com Inc. The share rally has picked up after the company’s quarterly revenue crushed Wall Street forecasts, boosted by demand from locked down consumers for new iPhones, iPads and Mac computers to stay connected during the pandemic. On Sun, Oct 11, 2020 at 2:18 PM Wayne Bickerdike <wayn...@gmail.com> wrote: > Hi Charles, > > GBG was general business group. DP was Data Processing. > > GBG sold Series 1, photocopiers and typewriters, System 34 (back in 1978 > when I was there). > > DP sold mainframes and believed that they ruled. So when a salesman went > to an account, mainframe was always sold above anything else. > > At the time, we in GBG were hoping that the anti-trust ruling would be to > split IBM. It didn't happen. Around that time, Wozniak and Jobs were > building the first Apples, Silicon Valley was taking off and IBM were in a > deep sleep. > > At my exit interview, my manager asked why I was leaving. I told him I was > going to work for a start-up developing applications for Intel 8080 and Z80 > microcomputers. He said, "you can work out a months notice because I don't > ever see IBM getting into those little systems". If he thought I was going > to a competitor, I would have been walked out on the spot. > > The rest is history, just look at the market cap of Apple versus IBM. > > It's the vision thing! LOL. > > On Sun, Oct 11, 2020 at 9:07 AM Charles Mills <charl...@mcn.org> wrote: > >> TMA >> >> Too many acronyms. >> >> What is GBG? What is DP? >> >> I know RBG. >> >> Charles >> >> >> -----Original Message----- >> From: IBM Mainframe Discussion List [mailto:IBM-MAIN@LISTSERV.UA.EDU] On >> Behalf Of Wayne Bickerdike >> Sent: Saturday, October 10, 2020 2:38 PM >> To: IBM-MAIN@LISTSERV.UA.EDU >> Subject: Re: IBM splitting into two companies >> >> Global services was a poor place for "IBM" employees. They weren't the >> same as the IBMers in terms of benefits. This has been the trend at IBM >> for years. I was an IBMer in the 70s and we hoped that the antitrust cases >> would lead to a split so that GBG would separate from DP. It didn't happen >> and Windows are their lunch. DXC will be rubbing their hands. >> >> ---------------------------------------------------------------------- >> For IBM-MAIN subscribe / signoff / archive access instructions, >> send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN >> > > > -- > Wayne V. Bickerdike > > -- Wayne V. Bickerdike ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
