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American Business Machines history
American Business Machines company history timeline
1956: During this period, IBM made a number of important electronic advancements. the first commercial hard disk drive, the 350 RAMAC Disk Storage Unit was a major component of the groundbreaking 305 RAMAC computer.
In 1957, Felt & Tarrant was renamed the Comptometer Corporation after its main product.
In 1957 she joined IBM’s Vanguard Computing Center in Washington, D.C., where she wrote computer programs that tracked orbits for the uncrewed Vanguard satellite and the crewed Mercury spacecraft.
But it was not until 1961 when the company introduced the “Selectric” with a type ball that that the company took over the office market.
In 1962 she joined the aerospace firm North American Aviation, where she worked on celestial mechanics and trajectory calculations for the Apollo project.
In 1963, Italian office machine maker Olivetti bought the by-then money-losing, troubled Underwood company.
Description In 1968, Douglas C. Engelbart and researchers at the the Augmentation Research Center at Stanford Research Institute in Menlo Park, CA introduced the first design of the computer mouse.
1968: Charles and Ray Eames put out "Powers of 10", a film about "the effect of adding another zero." Fundamentally about scale, it arrived on the scene at the tail end of the post-war boom, a period in which American industry basically did add another zero, growing and globalizing.
R.B.M. Corporation, a firm in Arlington, Texas, sold the Scientific calculator around 1973.
Assembly began in Mexico in mid-1974.
Compare Hapco Porta Mark II. Digitrex sold a desktop printing electronic calculator in 1974.
The company went bankrupt in February 1975 and stopped building calculators in the middle of that year.
A September 14, 1975, advertisement indicates that the Math Mate then was on sale for $14.77.
Another advertisement for the calculator, from the Los Angeles Times for June 10, 1980, lists the regular price as $15.00 and a sale price of $9.99.
1980: Microsoft and IBM sign a deal to put the former's operating system on IBM computers.
The calculator was advertised in the Washington Post as late as September 1981, having a sale price of $8.88.
The company did not enter the growing market for personal computers until 1981, when it introduced the IBM Personal Computer.
Compare 1986.0988.114 (a Unisonic 811-A). That calculator lacks the square root and change sign keys.
The action role-playing game “Transformer” was designed by David Crane and published by Activision in 1986.
1991: The company's board approves a new strategy for IBM. The corporation that was famous for business machines set out to become "a world-class services company." At the time, IBM made $6 billion from business services.
In 1995 IBM purchased Lotus Development Corporation, a major software manufacturer.
1996: Microsoft's market value passes IBM's market value, as personal computing explodes, largely led by IBM's competitors like Dell and Compaq running Microsoft Windows.
1997: IBM Deep Blue beats Garry Kasparaov, marking the first time a computer had defeated a reigning world champion in a traditional match.
By 2000, the company made $33 billion a year in services revenue.
Developed over a four-year period beginning in 2001, this advanced computer chip has multiple applications, from supercomputers to Toshiba high-definition televisions to the Sony Playstation 3 electronic game system.
In 2002 IBM sold its magnetic hard drive business for $2.05 billion to the Japanese electronics firm of Hitachi, Ltd.
In December 2005 IBM sold its personal computer division to the Lenovo Group, a major Chinese manufacturer.
2005: Lenovo purchases IBM's personal computing division, completing IBM's transition into a services company and away from selling directly to consumers.
In 2010, IBM made $56 billion from business and technology services.
In addition to cash, securities, and debt restructuring, IBM acquired an 18.9 percent stake in Lenovo, which acquired the right to market its personal computers under the IBM label through 2010.
In 2016, the company launched all-flash arrays designed for small and midsized companies, which includes software for data compression, provisioning, and snapshots across various systems.
IBM is also a major research organization, holding the record for most United States patents generated by a business (as of 2018) for 25 consecutive years.
The number of pages viewed on our website rose from 1,500 per month at the beginning of 2020 to 4-5,000 a month in recent months.
The machines were also expensive, selling for $100 ($2700 in 2020 money).
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American Business Machines competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| O'Rourke Petroleum | - | $43.0M | 228 | - |
| Blossman Gas | 1951 | $400.0M | 512 | 91 |
| SC Fuels | 1930 | $650.0M | 624 | - |
| Hurd Enterprises Inc | - | - | - | - |
| Lubrication Engineers | 1951 | $38.0M | 223 | 1 |
| J.A.M. Distributing | 1978 | $2.4M | 25 | - |
| Drummond | 1935 | $5.0B | 5,100 | - |
| River City Petroleum, Inc. | 1981 | $58.0M | 125 | - |
| Rose City Contracting | 1993 | $1.2M | 15 | 1 |
| United Electric Cooperative Services, Inc. | 1938 | $1.4M | 50 | 26 |
American Business Machines history FAQs
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American Business Machines may also be known as or be related to American Business Machines, American Business Machines Inc and American Business Machines, Inc.