IBM
IBM Company |
| Ascendant Companies |
Descendent Companies | ||
| Company | Comments | Company | Comments |
| IBM Company | founded | ||
| 1924 | International Business Machines is formed, making clocks, typewriters and tabulators. |
| 1952 | IBM unveils its first computer. |
| 1960s | IBM develops the mainframe computer. Over the next two decades it dominates this market. |
| 1970 | The company is hit by anti-trust actions filed by the US Department of Justice. The lawsuits are eventually dropped in 1982 |
| 1981 | IBM develops the IBM PC, with an operating system from Microsoft |
| 1984 | IBM becomes the most profitable company in the world |
| 1986 | The IBM PC begins to lose its market dominance to cheaper "clones". |
| 1993 | IBM stuns Wall Street by announcing heavy losses after failing to predict the decline in mainframes. |
| 1993 | Lou Gerstner, a former Wall Street banker, is brought in to head the company. He cuts jobs and starts IBM's shift to IT services. |
| 1995 | IBM expands, launching hostile bid for software company Lotus Development. The following year it buys Tivoli. |
| 1997 | IBM's Deep Blue chess computer beats world champion Garry Kasparov. |
| 2002 | Samuel Palmisano succeeds Mr Gerstner as chief executive. |
| 2002 | IBM buys PricewaterhouseCoopers Consulting. |
| 2004 | IBM sells its PC business to Chinese company Lenovo. |
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Last Updated on 9 May, 2005 | For suggestions please mail the editors |
Footnotes & References
| 1 | news.independent.co.uk/business/analysis_and_features/story.jsp?story=636492 |
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