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The first issue of Think -- an IBM employee and customer magazine that features articles on such wide-ranging topics as education, science, art, and international relations -- is published.
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IBM holds its first training class for women systems service professionals in Endicott, New York. Ruth M. Leach, who becomes IBM's first female corporate vice president in 1943, was a graduate of this class.
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IBM markets the first commercially successful electric typewriter, the Electromatic. IBM would produce electric typewriters until 1990. Also brought to market are a gang summary punch for alphabetic accounting machines and the automatic carriage.
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A new plant in Milan, Italy, is completed.
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Survivor benefits are added to employee group life insurance.
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Employees |
8,654 |
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Revenue |
$21 M
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Net earnings |
$7 M |
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Dividend |
3% |
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