IBM System/360The IBM System/360 (S/360) is a family of computer systems announced by IBM on April 7, 1964, and delivered between 1965 and 1978. System/360 was the first family of computers designed to cover both commercial and scientific applications and a complete range of sizes from small, entry-level machines to large mainframes. The design distinguished between architecture and implementation, allowing IBM to release a suite of compatible designs at different prices.Technology companyA technology company, or tech company, is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and services, which include businesses relating to digital electronics, software, optics, new energy, and Internet-related services such as cloud storage and e-commerce services.
Tabulating machineThe tabulating machine was an electromechanical machine designed to assist in summarizing information stored on punched cards. Invented by Herman Hollerith, the machine was developed to help process data for the 1890 U.S. Census. Later models were widely used for business applications such as accounting and inventory control. It spawned a class of machines, known as unit record equipment, and the data processing industry.
Computing-Tabulating-Recording CompanyThe Computing-Tabulating-Recording Company (CTR) was a holding company of manufacturers of record-keeping and measuring systems. The company would ultimately become known as IBM.
Holding companyCompany that owns other companies' outstanding stock A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to create a corporate group. Holding companies also conduct trade and other business activities themselves.
Dow Jones Industrial AverageThe Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index tracking the stock performance of 30 large companies listed on stock exchanges in the United States. It is named after founder Charles Dow and his business associate, statistician Edward Jones. It is maintained by S&P Dow Jones Indices and its components are selected by a committee.
Armonk, New YorkArmonk is a hamlet and census-designated place (CDP) in the town of North Castle, located in Westchester County, New York, United States. As of the 2020 census, Armonk had a population of 4,495. The corporate headquarters of IBM are located in Armonk.
Multinational corporationA multinational corporation (MNC) is a corporate organization that owns and controls the production or trade of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad to diversify financial risks.IBM mainframeIBM mainframes are large computer systems produced by IBM since 1952. During the 1960s and 1970s, IBM dominated the computer market with the 7000 series and the later System/360, followed by the System/370. Current mainframe computers in IBM's line of business computers are developments of the basic design of the System/360.
TrademarkTrade identifier of products or services A trademark (also written trade mark or trade-mark) is a type of intellectual property that consists of a word, phrase, symbol, design, or combination thereof that identifies a product or service from a particular source and distinguishes it from others.
PatentA patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time, in exchange for publishing an enabling disclosure of the invention. It offers a bargain between society and inventor: for a limited period of exclusivity, the inventor agrees to make the invention public rather than to keep it secret.
Public companyCompany that offers its securities for sale to the general public The New York Stock Exchange Building in 2015 A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company).*As an Amazon Associate I earn from qualifying purchases.