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ibm International Business Machines Corporation IBM is the worlds largest manufacturer of information systems and equipment IBM produces computers that range from large mainframes to portable laptops The company also offers computer services that help customers operate information system In addition IBM supplies such hardware devices as disk drives and printers It also produces software products for both business applications and consumer use IBM headquaters are in ArmonkNew York International Business Machines Corporation grew out from an earlier firm the Computing-Tabulating-Recording- Company It recieved its present name in 1924 The company dominated the office equipment industry until the mid-1900s with such products as tabulatorstime clocks and electric typewritersIn 1914John Thomas Watson was made president of a company that became IBM in 1924 Under Watsons leadership from 1914 to 1956 it became one of the worlds most successful corporations The development of computers entirely changed IBMs business IBM first manufactured computers for commercial sale in 1952 From the 1960s to the early 1980s IBM dominated the office equipment and information technology industries Mainframe computers provided the cornerstone for its successIBM began marketing its personal computerPC in 1981 This power machine was smaller and cheaper than mainframe computers and it quickly became popular for both business and home use In addition the IBM model quickly became the standard In the mid-1980s growing competition from the clone manufacturers resulted a decline in IBMs market share But the company remained the worlds largest computer manufacturer In 1995 IBM acquired Lotus Development Corporation a leading software developer In 1997IBM and World BookInc released an electronic reference work called THE WORLD BOOK MULTIMEDIA ENCYCLOPEDIA The multimedia product provided animationmapspicturesvideosand audio in addition to the text of THE WORLD BOOK on CD-ROM IBM surely benefited from this situation by becoming a stronger corporation IBM is the fourth leading manufacturer in the US The reason why I bought this IBM stock is because I purchased an IBM PC before this report
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