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IBM Card-Programmed Electronic Calculator (CPC)New products introduced include the IBM Card-Programmed Electronic Calculator (CPC), IBM 407 Accounting Machine and the "Model A Executive" Electric Typewriter with proportional spacing.

Thomas J. Watson, Sr., is elected IBM Chairman of the Board.

The World Trade Corporation is formed as an independently-operated but wholly-owned subsidiary to handle overseas operations.

People

Employees

27,236

Finance

Revenue

$183 M
+ 17 %


Net earnings

$33 M
+ 18 %


Dividend

5%