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IBM and the World Bank first introduced financial swaps to the public in 1981, when they entered into a swap agreement. [35] IBM entered the microcomputer market in the 1980s with the IBM Personal Computer (IBM 5150), which soon became known as the PC, one of IBM's best selling products.
International Business Machines (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's subsidiary in Belgium was named Watson Belge. The director was Emile Genon, formerly of Groupe Bull, a competing punch-card firm.When the US entered the World War II in 1941, the company ownership was taken by the Nazi government and given to a custodian, H. Gabrecht, who also custodied the Netherlands subsidiary.
IBM and the Holocaust: The Strategic Alliance between Nazi Germany and America's Most Powerful Corporation is a book by investigative journalist and historian Edwin Black which documents the strategic technology services rendered by US-based multinational corporation International Business Machines (IBM) and its German and other European subsidiaries for the government of Adolf Hitler from the ...
Watson authorized providing Hitler's Third Reich with data processing solutions and involved IBM in cooperation with Nazi Germany throughout the 1930s and until the end of World War II, profiting from both the German and American war efforts. [4] A leading self-made industrialist, [5] he was one of the richest men of his time when he died in 1956.
System 4's compatibility with the IBM 360 made it particularly attractive to customers in Eastern Europe and the Soviet Union, as the sale and installation of IBM computers (and other American technologies) there was politically sensitive and commercially restricted during the Cold War.
A 2001 book by Edwin Black, entitled IBM and the Holocaust, reached the conclusion that IBM's commercial activities in Germany during World War II make it morally complicit in the Holocaust. [ 2 ] [ 3 ] An updated 2002 paperback edition of the book included new evidence of the connection between IBM's United States headquarters, which ...
From 1965, Gene Amdahl had been working at IBM on the IBM Advanced Computer Systems project (ACS), which intended to introduce what would be the world's fastest computer. . During a shake-up of the project in early 1968, Amdahl suggested the company to abandon the ACS-1 concept and instead use the techniques and circuit designs to build a System/360 compatible de