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On July 26th it announced two formal antitrust investigations into IBM's behaviour in the mainframe business.
Analysts said there was no single factor behind the weakness in the mainframe market.
I.B.M. faces an antitrust complaint from T3 Technologies over its dominance in the mainframe market.
In the mainframe case, I.B.M.'s researchers saw the new technology and gave a warning in the 1980s.
Dominant in the mainframe business and threatened by PCs, I.B.M. responded by quickly becoming the largest PC vendor.
"I.B.M. is actually trying to expand their base in the mainframe business," said John Phelps, an analyst at the technology research firm Gartner.
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The word hack is filched, as Shoshana Berger, editor in chief of ReadyMade magazine put it, from computer parlance, as in, "hacking into the mainframe".
"LEDs are in their infancy in technology, like the mainframe computer in the 1960s, so these are only going to get more and more efficient".
In the 1960s it was the mainframe; in the 1970s, the minicomputer; in the 1980s, the PC; in the 1990s, the Internet.
From experienced old-timers based in other countries, I learned the ins and outs of the mainframe computer I sometimes used, which ran on ancient-seeming code.
But by 7 p.m., when Mr. Ramaswamy and colleagues finally had the computers in New Jersey linked back to the mainframe in Britain, thousands of transfers that did need human authorization had piled up.
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