Watson's Gamble Pays Off
In 1960, IBM had revenue of $1.8 billion and 104,000 employees. System 360 drove huge growth, with revenue hitting $7.5 billion by 1970 and employee ranks growing to 269,000. The 1970s brought the System 370 update, pictured here, which was compatible with the S/360, but several times faster and more reliable. IBM's success fueled concern at the Department of Justice, which filed a second major anti-trust complaint against IBM in 1969. The case turned into a draining 13-year legal battle that was ultimately dropped by the government in 1982.