One of the few remaining vestiges of the once-mighty Digital Equipment Corporation is about to fall.
https://www.theregister.com/2022/06/30/intel_dec_massachusetts_demolished/
In 1986, Fortune magazine named DEC founder and CEO Ken Olsen as America’s most successful entrepreneur.
https://money.cnn.com/magazines/fortune/fortune_archive/1986/10/27/68216/
It would have been laughable in 1986 to suggest that within five years Olsen would be forced out of the company he began in 1957, but that was exactly what happened. By 1996 the end of DEC, the former Massachusetts economic powerhouse, was in sight, after 40 years in business.
https://digital.com/digital-equipment-corporation/
In 1991 there was a recession that hit Massachusetts particularly hard. Every Massachusetts minicomputer company quickly declined, as the PC revolution took over. DEC, along with Data General, Prime, Wang, and Apollo all disappeared, but the Internet revolution came in just as quickly in 1995, and the economy turned around.
https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=6777978
P.S. Allison Acoustics was another Massachusetts business that went under during the recession that began in ’91, when Roy Allison’s bank pulled his line of credit.