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Article: Personal Computer Business Begins Turnaround for IBM
- Article from:
- THE JOURNAL RECORD
- Article date:
- April 3, 1993
- Author:
CopyrightCopyright 1993 The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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N.Y. Times News Service
International Business Machines Corp.'s much-maligned personal
computer business is far more healthy than rivals and most
industry analysts think, according to Robert Corrigan, president
of IBM Personal Computer Co.
Last year, the business was a financial albatross for IBM,
losing as much as $1 billion. But in the first three months of
this year, IBM's personal computer business hovered around the
break-even level and may well have been profitable, Corrigan said
in an interview. The final figures, he said, will be tallied in a
few weeks.
"I think people will be surprised at how quickly we're
bringing this business back," he said, adding that it should be
...