A New Day.

During the 1970s and 1980s, many people made fortunes in the computer business. Beyond the importance of individual fortunes, the computer and the various industries that produced computers and related materials dramatically changed American society. The desktop and the laptop computers made it possible for individuals working a wide variety of environments to accomplish tasks that before required substantially more resources.

Mainframe.

The computer industry in the United States is only about forty years old. Originally the computer industry was dominated by IBM, or International Business Machines. During the 1960s the phrase "IBM and the seven dwarfs" was used to describe the computer industry because of IBM's dominance. During the 1960s both RCA and General Electric tried to enter the computer business only to fail. RCA finally wrote off $300 million in losses in 1970. IBM specialized in manufacturing...