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Detailed text transcripts for TV channel - CNN - 20171230:03:22:00

personal computers have become the business of at least 25 companies, with radio shack and commodore grabbing three quarters of the market. this personal computer costs about $1,400 and fits nicely on a desk corner. duplicating its performance five years ago would have cost $75,000 and required a unit the size of a large refrigerator. when the average american thought computer, they thought ibm. it made these mainframe computers that ran pretty much everything. ibm was one of the most powerful corporations in america. and in technology, it was the most powerful company that had ever existed in technology. because of this activity in personal computers, it started to make ibm look like they were behind the eight ball. they look at the apple ii and say, huh, we could build one of those. we built computers that put men on the moon. we ll get that business, squash these guys, no problem. ibm has entered the small computer market for the first time. the idea has become so bi ....

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