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International Business Machines Corporation (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card-based data tabulating machines and time clocks.
IBM originated with several technological innovations developed and commercialized in the late 19th century. Julius E. Pitrap patented the computing scale in 1885; [18] Alexander Dey invented the dial recorder (1888); [19] Herman Hollerith patented the Electric Tabulating Machine (1889); [20] and Willard Bundy invented a time clock to record workers' arrival and departure times on a paper tape ...
The roots of today's IBM Research began with the 1945 opening of the Watson Scientific Computing Laboratory at Columbia University. [4] This was the first IBM laboratory devoted to pure science and later expanded into additional IBM Research locations in Westchester County, New York, starting in the 1950s, [5] [6] including the Thomas J. Watson Research Center in 1961.
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [223] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [224] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...
The following video is part of our "Motley Fool Conversations" series, in which senior technology analyst Eric Bleeker and Chief Technology Officer Jeremy Phillips discuss topics across the ...
IBM still doesn't have much direct exposure to the higher-growth cloud-infrastructure market, which is dominated by Amazon Web Services (AWS), Microsoft Azure, and Alphabet's Google Cloud. Instead ...
However, IBM's successor to the z9, the z10, led a New York Times reporter to state four years earlier that "mainframe technology—hardware, software and services—remains a large and lucrative business for I.B.M., and mainframes are still the back-office engines behind the world's financial markets and much of global commerce". [27]
On this day in 1996, world chess champion Garry Kasparov defeated IBM (NYSE: IBM) chess-playing supercomputer Deep Blue. Where The Market Was: The S&P 500 was at 647.98 and the Dow Jones ...