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Is it really? My recollection is that IBM was already not an R&D powerhouse when the IBM PC came out in 1981, hence them building it out of commodity supplies
by nostrademons 6y ago
Is it really? My recollection is that IBM was already not an R&D powerhouse when the IBM PC came out in 1981, hence them building it out of commodity supplies and outsourcing the OS to Microsoft. As late as 2011 (20 years after IBM's transformation into a services company), the dividend yield was 1.5%, rather than the current 5%.