Word: ibm
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...Remington Rand hit the electronic computer market first, with its $1,125,000 UNIVAC in 1951. cleaned up the early contracts. Today Remington Rand has 26 big UNIVACs in various models around the U.S., orders for eleven more. But spurred by President Watson, IBM now has orders for 129 giant electronic calculators; 109 of the orders are for the new 704 and 705, which are bigger and faster than the current Model 702. The big computers will cost IBM more than $1,000,000 each to build, but they will bring the company a whopping income of nearly $50 million...
Cash & Collars. IBM was created by Thomas John Watson Sr., who built it into the 37th ranking U.S. manufacturing corporation, and in so doing, carved out an American business legend for himself. Watson, who believes that "nobody really gets started until he's 40." worked for Dayton's National Cash Register Co. until 1914. Then at 41, he suddenly pulled up stakes. Going East to Manhattan, he went to work for the Computing-Tabulaing-Recording-Co., which in 1911 had begun making new kinds of time clocks, butcher's scales and accounting machines...
...expanded abroad with branches in France, Great Britain, Canada and Germany, "developing Europe," as Watson called it. He changed the company's name to International Business Machines, expanded still more. His high, stiff collars, his aversion to smoking and drinking, his vast store of aphorisms became trademarks of IBM to the outside world. Inside his company, he operated like a benign patriarch. IBM's workers were among the best paid in industry, had other benefits that few companies had. At company banquets, Watson liked to lead his employees in singing company songs such as his Hail to IBM...
Through the '20s and '30s, no fewer than 45 new business machines appeared under the new IBM label. While other companies cut payrolls through the Depression, Watson refused to lay off men. IBM stored away what it could not sell, against better days. In 1933 Watson bought up Electromatic Typewriters, Inc., a Rochester (N.Y.) firm which had the first completely electric typewriter, and put the first such mass-produced machine into U.S. business offices...
Today the IBM empire spreads to every corner of the world, selling or renting business machines at the rate of $461 million in 1954. In the U.S. alone, IBM employs 34,000 workers; at six plants (Endicott, Poughkeepsie and Kingston, N.Y.; Washington, D.C.; Greencastle, Ind.; San Jose, Calif.) it makes 5,960 different models of business machines which it sells or rents through 188 U.S. offices. Overseas, IBM's World Trade Corp., run by 35-year-old Arthur Watson, Tom Jr.'s younger brother, employs 16,500 more workers in 17 smaller plants, 227 offices in 79 nations...