IBM Is Homeward Bound

The giant of office machines gambles on a new personal computer

The $36 billion U.S. computer industry has for months been anxiously awaiting the entry of International Business Machines (1980 sales: $26 billion) into the hot new market for personal computers. Said Garland Asher, director of financial planning for Tandy Corp., one of the leading sellers of the television set-size machines: "Some people were convinced that IBM would be unveiling a new Holy Grail." Last week IBM finally showed off its product. Priced between $1,565 and $6,300, the desktop computer can store documents that...

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