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IBM introduces the "Selectric" Typewriter, an electric typewriter which uses a replaceable golf ball-shaped typing element rather than type bars or movable carriages. The Selectric becomes a popular piece of office equipment because of its ease in changing fonts and because it was available in a variety of colors.
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The Thomas J. Watson Research Center, headquarters for IBM's Research Division, opens in Yorktown Heights, New York. IBM holds its annual meeting there.
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Thomas J. Watson, Jr., is elected chairman of the board; Albert L. Williams becomes president.
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The Components Division is formed to handle development, manufacture and purchase of solid-state components used in production of IBM data processing equipment.
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IBM introduces the "Executary" PBX dictation system and portable dictating unit; the 1710 control system; the Hypertape system; and the IBM 1301 disk storage.
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IBM's nondiscrimination policy is expanded to include sex, national origin, and age.
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Employees |
116,276
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Stockholders |
195,674 |
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Revenue |
$2.2 B
+ 22 % |
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Net earnings |
$254 M
+ 24 % |
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