• IBM is an multinational corporation dealing in computer technology and consulting. Known as the world's oldest and second largest software company, IBM (International Business Machines Corporation) employs approximately 386,000 people in over 17 countries.

  In March 2009 it was reported that IBM was in talks to buy Sun Microsystems for up to $6.5 billion in cash.PC World: IBM Is in Talks to Buy Sun Microsystems (March 18, 2009) However, Sun declined the offer in favor of one from Oracle.http://www.eweek.com/c/a/IT-Infrastructure/Oracle-Sun-Deal-Strengthens-Competition-Against-IBM-HP-Cisco-505807/

• Fast Facts

  1. Ticker: IBM NYSE
  2. Annual revenue (2007): $98.785 billion U.S.
  3. Founder: Herman Hollerith
  4. Year established: 1889
  5. CEO: Samuel J. Palmisano
  6. CFO: Mark Loughridge
  7. Headquarters: Armonk, NY
  8. Industry: Computer
  9. Phone: 1-914-499-1900
  10. Fax: 1-914-765-6021
  11. Revenue: $98.8 billion in 2007
  12. Incorporated: 1911
  13. IBM stands for "International Business Machines Corporation"
  14. Fortune 500 company since 1924
  15. Employed 3 Nobel Prize winners
  16. Staff: About 386,000

• Brief History

  IBM was founded in 1888 and incorporated in the state of New York in 1911. A significant development of the company was made in 1981, with the introduction of the personal computer. The PC division was later sold to Chinese company Lenovo for $655 million in cash and $600 million in stocks. The company has a major presence in computer software, hardware, consulting and IT service industries.

• 2009 Layoffs

  On March 26, 2009, IBM laid off over 1,600 people in the U.S in its applications services business. According to anonymous sources and internal documents, more job cuts will take place later in the day. Up to 5,000 job cuts could be announced today, according to several sources. IBM had already cut at least 4,000 jobs in 2009 before the job cuts on March 26.Bloomberg: IBM Said to Be Cutting 5,000 Jobs, Mostly in Services (March 25, 2009) Information Week: IBM Layoffs Include Wide Ranging U.S. Job Cuts (March 26, 2009)

• Related Mahalo Pages

  Computers | Laptops | Nanobots | Nanotubes | Lotus Symphony | Cisco Systems, Inc. | Sirius

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