Is Big Blue Still Big On Research? You Bet

Things looked dark for IBM's vaunted Research Div. in early 1993. It had risen from a converted fraternity house on New York's Upper West Side to become a research powerhouse with back-to-back Nobel prizes in physics. But its budget was being slashed, and there was talk that it would be dismantled along with the rest of the company. Besides, the new chief executive of IBM was a cigarette guy. What use would the former head of RJR Nabisco Inc. have for scientists and computer geeks who wouldn't know a sales call from a dividend?

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