Click here

IBM

Short for International Business Machines, the largest computer company in the world. IBM started in 1911 as a producer of punch card tabulating machines. In 1953, it introduced its first computer, the 701. During the 60's and 70's, IBM came to dominate the new field of mainframe and minicomputers. In 1981, IBM launched its first personal computer, called the IBM PC, which quickly became the standard. However, IBM underestimated the market for PCs and lost market share to vendors of PC compatibles, such as Compaq.

IBM


Top Terms
  • 1

    Consumerization of IT

    Consumerization of IT is a phrase used to describe the cycle of information technology (IT) emerging in the consumer market then spreading to...

    Read more »

  • 2

    ERP - Enterprise Resource Planning

    Short for enterprise resource planning, ERP is business management software that allows an organization to use a system of integrated applications...

    Read more »

  • Click Here!

Connect with Webopedia

Did You Know? Archive »

  • Quick Reference Archive »