Guess What: Ibm Is Losing Out In Mainframes, Too

No question, 1992 was a disaster for IBM: The company's first-ever operating loss, a costly round of cutbacks resulting in the biggest net loss in American corporate history, a 50% plunge in its share price, and a hail of criticism that led IBM's directors on Jan. 26 to seek a replacement for Chairman and CEO John F. Akers.

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