Thomas J. Watson Created International Business Machines Corporated

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Thomas J. Watson founded international Business Machines (IBM) by the merge of three successful companies: The Tabulating Machine Company, The International Time Recording Company and the Computing Tabulating Recording Company (CTR). In 1914, Thomas Watson joined CTR as CEO and held that title for the next twenty years. CTR was listed in NYSE in 1916. In the year 1924, He changed the company 's name to International Business Machines Corporation (IBM). The company therefore had already been an IPO. From the beginning, IBM defined itself as a research and development company, not only a product seller. IBM began designing and manufacturing calculators in the 1930s, using technology of their own technology invented by Herman Hollerith owner of merged Tabulating Machine Company the punch card processing equipment. In 1944, IBM with Harvard University financed the invention of the “Mark 1” computer, the first machine to compute long calculations automatically. By 1953, IBM produced the first commercially successful general-purpose computer, the “IBM 701 EDPM”. In 1981, they released the first IBM personal computer for the home consumer that ran on a 4.77 MHz Intel 8088 microprocessor. Since then, the company has made everything from mainframes to personal computers, developing software and hardware for company IT solutions.
International Business Machines Corporation (IBM) is a US based IT Company engaged in the production and sale of computer hardware and software. It offers infrastructure services, hosting services, and consulting services. The company’s product line includes servers and systems, software, disk systems, hard drives/micro drives, network attached storage, semiconductors, printing paper and toner, blade center workstation and accessories. It also offers a wide portfolio of IT services including consulting, application services, outsourcing, training, small and medium business services, and related services. The company operates its business in five segments namely, Global Technology Services (GTS), Global Business Services (GBS), Software segment, Systems and Technology segment, and Global Financing segment. The company is headquartered in Armonk, New York, the US.

Financial Statement of IBM
The current stock price of IBM is $174.67, with a change of 1.38. The stock volume is 4,281,800. The sales and revenue for the company in 2010 was 99.78 billion. In 2011, the sales and revenue for IBM were 106.92 billion. It was 104.51 billion in 2012. The company profitable for IBM was 14.83 billion in 2010. The company profitability increased in 2011 to 15.86 billion. IBM profitability further increased in 2012 to 16.6 billion.
IBM’s current assets include cash, short-term investments, net receivables, inventory, and other assets.

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