the ibm pc was initially viewed as something that was connect -- something that would connect to the mainframes and only later was something to stand alone and used by an individual. we are now in the networking and web gallery. beside me we have google's first web server. at the time, google was a very small company with limited funds. what they did was build their equipment cheap. they went to a local electronics store and bought a whole bunch of ibm pc-compatible circuit boards and mounted them to this large cabinet. the cabinet act like a search engine. if you did a google search in 1999 or 2000, there is a good chance your search went through this very machine. made outem is actually of cork board. if you look underneath all of these pc circuit boards, they are actually separated by a very thin layer of cork, like the cork in a wine bottle. that layer of cork is the only thing keeping the whole system from bursting into flames, so it is actually remarkably poorly designed in a sense. it is not safe really. nonetheless, for starting a business when you are running out of your gar

the ibm pc was not the most advanced computer, but it had the important job of legitimizing personal computers for business. most businessmen looked at these microprocessor-based computers, apple, asrs 80 and toys suitable for home or educational environments, not for business. entry in 1981 with the pc to put a stamp of approval and legitimacy on the pc. you could actually do business using an ibm pc trade ibm's initial strategy was to protect the mainframe at all costs. that was generating billions of dollars in profits. the mainframe computer is a room sized computer with hard drives and tape drives and people running around. the ibm d.c. was initially viewed as something that would was initially viewed as something that would connect to mainframes. we are now in the networking and web gallery. what we have beside me is google's first web server. at the time, google was a small company with limited funds. they built their equivalent on the cheap. they want to a local electronics and bought ibm pc compatible circuit boards, then mounted them to this large cabinet. the cabinet itsel

computers as toys or for educational environments but not for business or it it was ibm's entry into the field with the pc that legitimized this. you could actually do business, you could do tasks with the ibm tc. tore initial strategy was have a tech mainframe at all costs. that was generating their profits. computer --m sized the ibm pc was something connected to those main frames and could stand alone. networkingin the gallery, what we have here is google's first server. at the time they were a small company, what they did was they built their equipment on the cheap. they went to a store and bought a bunch of ibm circuit boards and mounted them on this. this acts as a search engine did if you did a google search in 1999 or 2000 there is a chance your search went through this machine. this system is made out of corkboard. if you look at the circuit boards they are separated i a very thin layer of court. that is the only thing that is keeping the whole thing from bursting into flame. designedarkably poorly , nevertheless for starting a business when you are running it out of your garage or a small busine

great other expandability than ibm's pc. >> ibm's entry heated up an already volatile market.nnovator, osborne computer was forced into bankruptcy last month. and apple, the industry's number one had to concede it was now number two, behind ibm. >> all of a sudden, you were in an old-fashioned competitive business in which you really have to be better than the other guy. >> there are 150 micro computer companies and all offal them want 10% of the market, and that just isn't going to happen. announcer: get on your feet for the nastiest bull in the state of texas. ♪ ♪ knowing where you stand. it's never been easier. except when it comes to your retirement plan. tirement planning clearer. and it all starts with getting your fidelity retirement score. in 60 seconds, you'll know where you stand. and together, we'll help you make decisions for your plan... to keep you on track. ♪ time to think of your future it's your retirement. know where you stand. ♪ tilike finding new ways tore be taken care of. home, car, life insurance obviously, ohhh... but with added touches you can't get ev

ibm's research director of arvind krishna about blockchain. this is bloomberg. ♪ cory: here's a story we are watching. as if the pc doesn't have enough problems, the trump administration has imposed a new rule banning pcs on life from the u.k. -- flights from the u.k. to the middle east. officials say there's no specific threat, but the new rule is what they call evaluating intelligence. the uk's following the suit with a similar restriction. back to the ibm cloud conference in las vegas with caroline hyde. caroline: i have a great conversation up next. i'm talking blockchain. what is it and what does it mean for your business? we discussed that with the senior vp of ibm business, arvind krishna. a great new product you have unveiled. ibm blockchain. what actually does it do? >> the blockchain is one of the most fundamental technologies since the early internet. it will change transactions. what the internet did for information blockchain will do for transactions. how is it going to do that? it is the first time we can have proper transactions with multiple parties. caroline: so, immediately i think the key part o