International Business Machines Corporation (IBM) is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. The company began in 1911, founded in Endicott, New York, by trust businessman Charles Ranlett Flint, as the Computing-Tabulating-Recording Company (CTR) and was renamed "International Business Machines" in 1924. IBM is incorporated in New York.IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most annual U.S. patents generated by a business (as of 2020) for 28 consecutive years.Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s.
IBM is one of 30 companies included in the Dow Jones Industrial Average and one of the world's largest employers, with over 345,000 employees as of 2020.
1924Feb, 14
The Computing-Tabulating-Recording Company changes its name to International Business Machines Corporation (IBM).
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Events on 1924
- 12Feb
Rhapsody in Blue
George Gershwin's Rhapsody in Blue received its premiere in a concert titled "An Experiment in Modern Music", in Aeolian Hall, New York, by Paul Whiteman and his band, with Gershwin playing the piano. - 25Mar
Second Hellenic Republic
On the anniversary of Greek Independence, Alexandros Papanastasiou proclaims the Second Hellenic Republic. - 8Apr
Atatürk's Reforms
Sharia courts are abolished in Turkey, as part of Atatürk's Reforms. - 21May
Leopold and Loeb
University of Chicago students Richard Loeb and Nathan Leopold, Jr. murder 14-year-old Bobby Franks in a "thrill killing". - 4Aug
Soviet Union
Diplomatic relations between Mexico and the Soviet Union are established.