At the same time, the company cut prices of existing XTs and most of its basic personal computers.
The company said its biggest customer quit buying certain types of disk drives sooner than expected.
American farmers, swelling with pride, have called the Midwest's amber grainfields the world's breadbasket since their advanced cultivation methods helped them coax the U.S. share of world grain exports to a remarkable 50% in the early 1970s.
followed in early 1985 amid profit taking and a decline in the price of a key blue-chip issue, IBM.
The company confirmed that it is providing dealers with free software to accompany certain of its personal computers.
Neither Chatsworth-based Tandon Corp. nor International Business Machines Corp., the company's largest customer, would discuss details of the contract to supply microcomputer memories.
Machine Corp. to build personal computers in Mexico in an operation over which IBM would retain total control.
International Business Machines gave new life to its line of large mainframe computers Tuesday by introducing new models and cutting prices on others.
Nippon Telegraph & Telephone Corp. and IBM-Japan announced the formation of a joint-venture telecommunications company to be headquartered in Tokyo.
Investors drove stocks higher Wednesday in a Christmas Eve buying binge--the so-called Santa Claus Rally--but volume was the lowest since the day after Thanksgiving.
International Business Machines Corp. said Tuesday that it will end its 34-year presence in South Africa and sell its subsidiary to its local manager there by next March.
The sleeping giant finally awoke.
Intel Corp., exercising its renewed financial strength, said Thursday that it had repurchased more than 7% of its common stock from International Business Machines for $362 million.
The move by General Motors and International Business Machines--two of the bluest of America's blue-chip companies--to leave South Africa failed to trigger a stampede of imitators Wednesday as some U.S. firms continue to insist that they do more good than harm by staying.
International Business Machines, the world's biggest computer company, said Tuesday that it will buy back about 5 million shares of common stock and a series of debentures in transactions valued at $1.1 billion.
The company reported that the closing of the Greencastle, Ind., facility will displace 985 workers in the biggest closing in company history.
International Business Machines Inc. reported Thursday that it earned a record $2.17 billion in the final quarter of 1984, by far the largest quarterly profit ever posted by an American company, while other computer makers reported mixed results.
Kaypro Corp. executives told shareholders at the company's annual meeting Thursday that International Business Machines Corp.'
After the suspense ended and all the hoopla about IBM's new line of personal computers died down Thursday, Roger Johnson decided that he could breathe a sigh of relief on behalf of his Irvine computer products company.