IBM was a damn good company for many years after the industry had effectively left their technology behind. Even today they make serious money; if that satisfi

IBM was a damn good company for many years after the industry had effectively left their technology behind. Even today they make serious money; if that satisfies your criteria for doing well. They just didn't grow in proportion to the industry. And they've had to cut and refocus on their core products to maintain profitability. Microsoft is now in a very similar situation. Fumbled opportunity might not drag down today's numbers, but it's still a problem.