This week, IBM celebrated a major milestone: its 100th year in business.
The centennial is especially impressive for a company involved in technology, an industry that is known to "eat its young" and regularly watches once-lucrative companies upended by startups and innovators offering faster, easier, smaller and cheaper processes.
IBM has reinvented itself many times, evolving from manufacturing machines that process data on punch-cards to making hard drives and floppy disks to inventing the bar code. Its fortunes were at risk in the 1990s, but IBM successfully reengineered itself and remains one of the largest tech companies in business. The AP notes, "With around $100 billion in annual revenue today, IBM is ranked 18th in the Fortune 500. It's three times the size of Google and almost twice as big as Apple. Its market capitalization of around $200 billion beats Google and allowed IBM last month to briefly surpass its old nemesis, Microsoft."
To read the full, original article click on this link: IBM Celebrates 100 Years: What Other Tech Companies Will?
Author: Bianca Bosker
