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International Business Machines Corporation(using the trademarkIBM), nicknamed Big Blue,[6]is an American multinationaltechnology companyheadquartered in Armonk, New Yorkand present in over 175 countries. [7][8]IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries, having held the ...
International Business Machines (IBM) has announced it will split into two public companies. The move is an attempt to shift its focus to higher-margin businesses like cloud computing and ...
2 days ago · IBM (International Business Machines Corporation), leading American computer manufacturer, headquartered in Armonk, New York, with a major share of the market both in the United States and abroad. Learn more about the founding, history, and products of the company in this article.
International Business Machines (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk , New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card -based data tabulating machines and time clocks .
- IBM History
- Failing Against Intense Competition
- Problems with Partners
- Tragedy Strikes at The Top
- The “Near-Death Experience”
- A New CEO Shakes Things Up
- Returning to The Company’S Roots
- Cultural Changes at IBM
- A New Golden Age
- Can IBM Sustain Success?
The history of IBM begins before computers were even a remote possibility. IBM’s origins stem from four predecessor companies that existed as far back as the 1880s. Those four companies were Tabulating Machine Company (which was the first company to manufacture punch card-based data processing machines), International Time Recording Company, Bundy ...
What ever happened to IBM that led to their downfall? IBM’s catastrophe began with their handling of stiff competition in the personal computer market. What should have been a slam dunk for IBM caught them flatfooted. Personal computers were an emerging market where multiple companies—Apple, Epson, Commodore, and more—were fighting over customers. ...
Another advantage IBM had early on was the type of partners they worked with, such as Microsoft. The fledgling software company provided the operating system (MS-DOS) for IBM’s early computers. When it came time to develop a new operating system (OS/2), the two sides had difficulty coming to an agreement on royalties. Keep in mind this was after Mi...
One thing outside of IBM’s control was a tragedy that would profoundly affect the company for many years. In 1985, Don Estridge and his wife Mary Ann died when Delta Flight 191 crashed at Dallas-Fort Worth International Airport. Of the 162 people on board, 131 died. The accident shook IBM to its core. Estridge had been the main mind behind the deve...
By the time 1993 rolled around, IBM was in rough shape. The company announced that for the 1992 financial year, they had lost $8.2 billion. To put that in perspective, that amount at the time was more than any U.S. company had lost—ever. Forbes contributor Steve Denning referred to this as IBM’s “near-death experience.” Not only had IBM lost ground...
When IBM brought Louis Gerstner on board as CEO in 1993, it seemed an unorthodox choice. This was the first time IBM had selected someone outside the company to become CEO in its history. On top of that, Gerstner had no experience working for a computing company. His prior leadership stintswere at American Express and Nabisco. While it may have sou...
Gerstner also had a specific goal in mind for the company. “I want to take IBM back to its roots,” he said. That meant returning IBM to a B2B company. From his previous experience, he knew businesses still needed to work with a company that could integrate their technological solutions. Leading the charge was the newly formed IBM Internet Division,...
When Gerstner became CEO, IBM was suffering from what Eric Flamholtz the President of Management Systems Consulting calls“corporate arrogance.” There was a general belief that IBM was a company that could do no wrong—no matter what happened they would be all right. This attitude masked the real problems IBM was facing. Gerstner wrote that changing ...
Gerstner’s leadership got results quickly. By 1994, about a year after he joined the organization, the company reported$392 million in profits along with an increase in revenue. The stock price, which had hit a low point of $10 per share in 1993, would go on to hit $123 per share by 1999 and now sitsat around $133 per share. Gerstner would eventual...
IBM continues to develop new technologies, such as with artificial intelligence and machine learning. They also continue to focus these technologies on the business side, with IBM’s Watson used as an artificial intelligence productfor companies. Even after all sorts of changes, IBM is still one of the global leaders in computer and system integrati...
Dec 13, 2023 · The leap into the unknown, as James W. Cortada deftly explains in his recent history of the company, IBM: The Rise and Fall and Reinvention of a Global Icon, owed much to the ways in which the ...
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Jan 29, 2020 · In 1924, the Computing-Tabulating-Recording Company is renamed the International Business Machines Corporation or IBM. 1935 Accounting Contract With U.S. Government The U.S. Social Security Act was passed in 1935 and IBM's punched card equipment was used by the U.S. government to create and maintain employment records for the then current population of 26 million Americans.
