A Letter to the President of IBM
The Free Market 9, no. 7 (July 1991)
Dear Sir:
I noticed the following headline in the New York Times recently: “Earnings Plunge at IBM—Quarterly Sales Fall Across Most of Line.” Another Times story reports that IBM “has been pushed out of the personal computer and software spotlight by its software partner, the Microsoft corporation.” A third article reports that 21 computer makers are forming an alliance—Advanced Computing Environment (ACE)—to create new standards for computer work stations in direct competition with IBM.