{"id":8161,"date":"2014-01-19T23:16:11","date_gmt":"2014-01-19T23:16:11","guid":{"rendered":"http:\/\/www.techiteens.com\/review\/ibm-loses-5-billion\/"},"modified":"2014-01-19T23:16:11","modified_gmt":"2014-01-19T23:16:11","slug":"ibm-loses-5-billion","status":"publish","type":"post","link":"https:\/\/www.techiteens.com\/review\/ibm-loses-5-billion\/","title":{"rendered":"IBM Loses $5 Billion"},"content":{"rendered":"<div id=\"post-475\">\n<div class=\"format_text entry-content\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-477\" title=\"IBM\" alt=\"IBM\" src=\"http:\/\/www.techiteens.com\/review\/wp-content\/uploads\/2014\/01\/c8392__ibm-300x118.jpg\" width=\"300\" height=\"118\" \/>January 19, 1993<\/p>\n<p>IBM announces a <a href=\"http:\/\/redirect.viglink.com?key=11fe087258b6fc0532a5ccfc924805c0&#038;u=http%3A%2F%2Fwww-03.ibm.com%2Fibm%2Fhistory%2Fhistory%2Fyear_1992.html\" target=\"_blank\">nearly $  5 billion loss for fiscal year 1992<\/a>. Several years of losses in the early 1990\u2032s were the result of sweeping changes to the computer industry in the 1980\u2032s that IBM was slow to recognize. Ironically, the biggest catalyst to this change was the rise of the personal computer. IBM helped create the most popular personal computing platform, but lost control of the platform to Microsoft and \u201cIBM-compatible\u201d clones of their original design. The monster they created in the PC industry nearly caused their own collapse.\u00a0One indicator of this shift was the phrase \u201cno one ever got fired for buying IBM\u201d was replaced with \u201cno one ever got fired for buying Microsoft\u201d. IBM eventually reorganized its business, focused on its core strengths, and has recovered.<\/p>\n<\/div>\n<\/div>\n<div>\n<p>Previous post: <a href=\"http:\/\/redirect.viglink.com?key=11fe087258b6fc0532a5ccfc924805c0&#038;u=http%3A%2F%2Fthisdayintechhistory.com%2F01%2F19%2Fblackberry-introduced%2F\" rel=\"prev\">BlackBerry Introduced<\/a><\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.techiteens.com\/review\/wp-content\/uploads\/2014\/01\/c8392__p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\" \/><br \/>\n<a rel=\"nofollow\" href=\"http:\/\/thisdayintechhistory.com\/01\/19\/ibm-loses-5-billion\/\">This Day in Tech History<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>January 19, 1993 IBM announces a nearly $ 5 billion loss for fiscal year 1992. Several years of losses in the early 1990\u2032s were the result of sweeping changes to the computer industry in the 1980\u2032s that IBM was slow to recognize. Ironically, the biggest catalyst to this change was the rise of the personal [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kadence_starter_templates_imported_post":false,"footnotes":""},"categories":[194],"tags":[698,3078],"class_list":["post-8161","post","type-post","status-publish","format-standard","hentry","category-today-in-tech","tag-billion","tag-loses"],"_links":{"self":[{"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/posts\/8161"}],"collection":[{"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/comments?post=8161"}],"version-history":[{"count":0,"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/posts\/8161\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/media?parent=8161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/categories?post=8161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techiteens.com\/review\/wp-json\/wp\/v2\/tags?post=8161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}