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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!