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IBM gross income grows to $7.19 billion and net earnings increase to $934 million. IBM has 258,662 employees and 549,463 stockholders.
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IBM computers and personnel help NASA put the first men on the Moon. An onboard computer in the Orbiting Astronomical Observatory II operates for a full year.
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The General Systems Division is formed to develop and manufacture low-cost data processing equipment and provide related programming systems support.
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IBM adopts a new marketing policy that charges separately for most systems engineering activities, future computer programs, and customer education courses. This "unbundling" gives rise to a multibillion-dollar software and services industry.
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IBM announces the IBM System/3 for small businesses, the first IBM system to use Monolithic System Technology (MST) logic circuits and feature a new, smaller punched card (the first major innovation to punched cards since the 80-column "IBM Card" was introduced in 1928); the 2770 Data Communication System and the 2790 Data Communication System; and the Mag Card "Selectric" Typewriter. |
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IBM scientists develop experimental devices using laser beams to store huge amounts of information, as well as techniques for word recognition, speaker identification and advanced audio response.
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Employees |
258,662
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Stockholders |
549,463 |
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Revenue |
$7.19 B
+ 5 % |
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Net earnings |
$934 M
+ 7 % |
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