langreiter.com plain, simple: 2002-04-10-qdj

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2002-04-10-qdj

CREATED BY chris • LAST EDITED BY chris 8355 days AGO

Thomas Watson Sr.: "I keep telling my people that no matter how small the loss, it's not a profit."

"Thomas Watson Sr., the man who almost single-handedly built the International Business Machines (IBM) behemoth, had a history of run-ins with the government. Back around the turn of the century, Watson was a rising, young sales executive for John Patterson at National Cash Register. Since NCR's cash registers were of an unusually high quality--and thus lasted essentially forever--there had sprung into existence a lively market for used machines. The problem, from NCR's perspective, was that the used market was depressing prices for NCR's new machines."

Solution: Buy all the used-CR sellers, dictate the prices again.