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IBM marks 100th anniversary

updated 10:40 am EDT, Thu June 16, 2011

Computer pioneer IBM turns 100 years old

International Business Machines, better known by its IBM acronym, has turned 100 years old on Thursday. Back on June 16, 1911, the company was called Computing Tabulating Recording Co. and was a result of the merger of three companies that built scales, punch clocks for work and other machines. The original Endicott, New York-based plant made cheese slicers and machines that read data stored on punch cards. The current name came to be in 1924.

To celebrate, the company is releasing a book titled Making the World Work Better: The Ideas That Shaped a Century and a Company, debuting a new film, Wild Ducks, and ringing the Opening Bell at the New York Stock Exchange. It has also launched a dedicated web page to its centennial.

The company's milestones include investing in a research lab during the Great Depression, developing the first magnetic hard disk drive in 1956 and thus creating the data storage industry and working with the US government on creating the Social Security System. It also invented the UPC code, or barcode found on many products in supermarkets and stores that are scanned at the cash register. The floppy disk for portable data storage came about form IBM's labs in 1971. IBM is also credited with the invention of the Personal Computer, or PC. Magnetic strips found on bank and credit cards and high-speed processing systems for ATMs are also IBM creations.

IBM introduced the personal computer in 1981 but didn't buy the rights to the software they ran on, which was Microsoft's MS-DOS. It also relied on Intel chips for processing power. Although it was famously the target of Apple's original Macintosh ad, IBM is widely credited with having kickstarted sales by making them 'acceptable' for businesses and others that distrusted PCs but valued the IBM name.

Today, IBM has exited the home PC business after selling off its lineup to Lenovo several years ago. As a server and services company, however, it now makes $100 billion in annual revenue and ranks 18th on the Fortune 500.





by MacNN Staff

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Comments

  1. viktorob

    Joined: Dec 1969

    +6

    Happy BirthDay IBM!!!!!

    IBM is a great company, I think if they were a person, they will be the crazy mad scientist that only cares about inventions more than money. Many of the technology we use today is from IBM, like SQL, Virtual Machines, Multiple cores processing, the PowerPC inside the Wii and the Xbox and some Macs, Asymmetric and symmetric processing, the CELL processor inside PlayStation (which co develop with toshiba and Sony), The copper High Speed Ram, and many more things...
    Steve Jobs hate for IBM inspired him to create the Mac, so we own that to IBM too.

    Remember when IBM used to make x86 processors under the name of "CITRIX" (yes, like the remote desktop client).

    Remember also that LENOVO was from IBM too but they sell it to the chinese.
    Thank you IBM...!!

  1. climacs

    Joined: Dec 1969

    -7

    agent of the antichrist?

    IBM helped the government create Social Security (soshulism!) and created UPC barcodes (soon to be tattooed on our hands or back of the neck), both tools of the Antichrist's worldwide dictatorship.

    /teabagger

  1. garmonbosia

    Joined: Dec 1969

    -2

    credited with invention of PC?

    Your revisionist history would even make Carl Rove blush. The Apple II had been out for years by the time IBM realized they were about to get their ash handed to them.

  1. Flying Meat

    Joined: Dec 1969

    +4

    Invention of the PC?

    http://www.computerhistory.org/timeline/?category=cmptr

    Hardly. Perhaps the most commercially successful PC, but that might be arguable as well.

  1. beb

    Joined: Dec 1969

    +4

    Apple should thank them...

    Just a nice black and white picture of Thomas Watson Sr. and/or Jr. with "Think Different" would be enough.

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