*Chairman and CEO Samuel J. Palmisano Says Managing for the Long Term Will Drive Growth for Next 100 Years*
ARMONK, N.Y., – 16 Jun 2011: IBM today is marking the 100th anniversary of its founding on June 16, 1911. To celebrate the milestone, the company is releasing a book, “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.
During its first century, IBM has played a leading role in transforming business, science and society. The company’s history can be seen as a succession of key milestones – from investing in a research lab in the depths of the Great Depression, to developing the first hard disk drive that created the data storage industry, to working with the U.S. government to develop the Social Security System. It continued with such “big bets” as a radical new computing model, the System/360 mainframe; the invention of the UPC code; the invention of the IBM Personal Computer that launched the PC revolution; and the recent development of Watson, the computer that triumphed on the TV game show Jeopardy!. (more…)