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The company IBM is one of the largest computer and Software Company in the world They did very well for me in our stock project As there stock started at 8040 although it only ended at 8359 it had a high in the fifth week at 8730 It all started over a century ago 1896 to be exact with a man named Herman Hollerith In 1896 Herman Hollerith statistician at the US Census Bureau formed the Tabulating Machine Company after constructing his punch card and tabulating machine in 1890 In 1911 Holleriths company merged with Computing Scale of America and International Time Recording Co As they merged they decided on the name The Computing Tabulating-Recording Co or C-T-R In 1915 Thomas J Watson became the big man around C-T-R as he took over the leadership of the company His slogan was a simple one word it was simply THINK In 1924 the name changed again but at this time know one knew that it would be known as a billion dollar company The name was changed to International Business Machines Corp or IBM In the beginning of WW11 the US government incorporated all of the IBM-facilities in the production of war equipment and machinery IBM made a 1 profit which it put to good use by offering it to widows and orphans of WW11 It was the first of many charitable offers they would make In 1944 was there first breakthrough IBM and Howard Aiken a professor at Harvard University invented the Mark 1 It took six years but the automatic sequence controlled calculator was the first step to making computers In 1952 IBM made history again when it created its first commercial computer The 701 was a vacuum tube-type but was improved by transistors in 1959 A major innovation was the use of magnetized plastic tape read by a tape drive it was the first use of modern tape in the computer history In
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