IBM turns 100
2011-06-16US technology pioneer IBM turns 100 years old today.
With a market capitalization of $197 billion, IBM is said to be the world's fourteenth most valuable technology company, well behind California gadget-maker Apple's $304 billion, but close to software giant Microsoft's $201 billion.
Since its founding on June 16, 1911, the company has scaled many peaks and has continued to focus on the business needs and opportunities of its customers. Initially, the company was formed when three companies that made scales, punch-clocks for work and other machines merged to form the Computing Tabulating Recording Co. It was in 1924 that it was named International Business Machines (IBM).
Its founder Thomas J. Watson Sr. believed in the slogan "Think", and it still guides the company today.
As part of its "Celebration of Service", designed to allow employees, retirees, clients and business partners to donate their time and expertise during the company's Centennial year, 300,000 IBMers around the world - close-to three quarters of its global workforce - are volunteering in more than 5,000 projects
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