Some Light Relief—MiniScribe: The Hard Luck Hard Disk
Most readers will know the term “hard disk,” which contrasts with “floppy disk,” but how many people know about MiniScribe's pioneering efforts in the fields of very hard disks, inventory control, and accounting techniques?
MiniScribe was a successful start-up company based in Longmont, Colorado, that manufactured disk drives. In the late 1980s, Miniscribe ran into problems when IBM unexpectedly cancelled some very big purchasing contracts. The venture capitalists behind MiniScribe, Hambrecht & Quist, brought in turnaround expert Q.T. Wiles to get the company back on track.
Wiles mercilessly drove company executives to meet revenue targets, even as sales fell still further. In desperation, ...
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