April 21, 1988
The Tandy Corporation holds a press conference to announce plans to build clones of IBM’s PS/2 system computers. The conference comes soon after IBM’s announcement that it would license patents on key PC technologies. IBM made this decision as they realized they were losing control of the “IBM-compatible” PC market and could make more money licensing the technologies. Within five years, IBM clones will become more popular than the original IBM machines themselves. Eventually IBM would leave the PC manufacturing business altogether, selling their PC division to Lenovo in 2005.