nem wrote:
> "Michael J. Mahon"  wrote in news:
> 
>> So the market for personal computers was primed long before
>> computers could be bought for under several thousand dollars.
> 
> And yet, there was the (in)famous statement by an IBM executive around 
> 1970 that went something like "I think there's a home market for about 
> five computers."

I think that statement was made considerably earlier than 1970, and not by 
IBM.  By 1970 they were selling (well, leasing, to be precise) as many System 
360s as they could build.

ISTR it dates from the late '40s or early '50s.
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