IDG News Service - IBM is celebrating the 100th anniversary of its founding Thursday. Led by American capitalist icons Thomas J. Watson Sr. and Thomas J. Watson Jr. until the 1970s, the company grew from a pre-World War I conglomeration of companies making tabulating machines and time-keeping devices into a globe-spanning technology behemoth that pioneered the development of electronic computers and dominated the mainframe era.
The company holds a mind-boggling array of patents and pioneered advances in a wide range of technologies including punched cards, processors, transistors, storage, word-processing, databases and OSes. As one of the emblematic 20th-century corporations, IBM also went through turbulent times. The U.S. government brought several antitrust lawsuits against the company, and critics have attacked it for alleged cosiness with repressive regimes. After Tom Watson Jr. retired in the 1971, the company seemed to lose its way as mainframe computing began to face competition from smaller, more modular systems. Increasing bureaucracy contributed to missteps during the PC revolution, and IBM suffered a series of annual losses in the early 1990s. Under the reins of then-CEO Lou Gerstner, starting in the mid-90s, the company bounced back to profit by focusing on software, system integration and other services, which remain key to the company's growth today.
Though Hewlett-Packard, after its acquisition of Compaq, overtook IBM as the world's largest computer company by annual revenue, IBM's global reach and broad product portfolio still make it one of the largest and most profitable IT companies in the world, with about 427,000 employees and a profit of $14.8 billion on sales of $99.9 billion last year. The following is a timeline of milestone events in one of the quintessential U.S. corporate success stories.
1889: Time-recording equipment maker Bundy Manufacturing Co. is incorporated.
1896: Punched-card, electric tabulating equipment maker The Tabulating Machine Co. is incorporated.
1911: Incorporation on June 16 of the Computing-Tabulating-Recording Company (C-T-R), which merges Bundy, the Tabulating Machine Co., the Computing Scale Company and the International Time Recording Co. Headed by trust organizer Charles Flint, the company has 1,300 employees.
1914: Thomas J. Watson, Sr., joins C-T-R at age 40, after learning aggressive sales tactics at the National Cash Register Co. that led to his conviction on antitrust charges. The verdict was set aside after an appeal. Within 11 months of joining C-T-R, Watson became its president. His focus on marketing and sales and large-scale tabulating solutions for businesses helped company revenue more than double in his first four years at C-T-R, to $9 million. Over the next four decades as IBM CEO Watson became an American business icon, pioneering worker benefits such as paid vacations and group insurance while instilling discipline and loyalty in generations of IBM workers.
- Non-IBM Power8 servers, chips to appear early next year
- California sees IT shifting to IBM-built cloud
- IBM aims to disrupt supercomputing market with cloud enticements
- The Apple/IBM deal: iOS claims the IoT
- What to listen for during Apple's earnings call today
- Apple, IBM spell out enterprise support for iPhone, iPad
- Despite cloud and mobile push, IBM's Q2 revenue flattens
- Quickpoll: Who's the winner in the Apple-IBM partnership?
- Microsoft now leads in tech layoffs
- Among IBM users, Apple agreement gets praise, questions
- Simplifying Product Design In A Complex World Product design engineering has moved far beyond the confines of ever-more powerful workstations. Companies can't afford to restrict projects to using only local...
- CIOs Deliver Productivity Breakthroughs with Intelligent Digital Signage Retailers have long recognized the influence that digital signage provides over a shopper's point-of-purchase decision making process.
- 2014 Gartner Magic Quadrant Report For the 7th year in a row, Riverbed is in the "Leaders" Quadrant of the 2014 Magic Quadrant for WAN Optimization Controllers. In...
- Improving Business Value of WAN Optimization Want to achieve faster ROI with WAN optimization? Read the latest IDC report and discover how you can cut IT costs without compromising...
- Transform Your IT Service Management Watch this webinar, to learn how EasyVista can increase IT productivity & efficiency and deliver streamlined & integrated IT Service & Asset Mgmt.
- Top 4 Digital Signage Fails Join RMG Networks for a look at four of the most common reasons digital signage fails in corporate businesses. Learn about strategies to... All Applications White Papers | Webcasts