Auto Makers: Today’s IBM?
I remember being a stockbroker back in 1990-1991 and IBM was trading well below $100 a share. Most of us remember the IBM PC and yet, how many of us today own an IBM PC? I don’t know anyone, do you? In fact, Dell didn’t exist in 1991 and Windows had little market penetration in the late 1980’s.
Somehow, I look at General Motors, Ford and Chrysler and ask myself this question, “Are these companies the IBM PC’s of this century?”
Martin LaMonica at CNET does a great job of telling this story.
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