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True: CORRECTION: Let me rap myself on the knuckles here for the above update, which was flat incorrect. As commenter JD points out, IBM’s 1967 market cap was
by uvdiv 14y ago
True:
CORRECTION: Let me rap myself on the knuckles here for the above update, which was flat incorrect. As commenter JD points out, IBM’s 1967 market cap was not $1.3 trillion in real dollars, it was $192.3 billion. The NYT’s data was already adjusted for inflation.
http://www.cjr.org/the_audit/misleading_and_incomplete_cove.php http://www.cjr.org/the_audit/misleading_and_incomplete_cove....
Or, $28 billion nominal.