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As IBM Turns 100, Stock and Company are Performing Well

One hundred years ago this week, three companies created the Computing-Tabulating-Recording Company, what later became known as International Business Machines or IBM.

IBM Sign
Aaron Brown: Photography
IBM Sign

In 1912, IBM had 1,300 employees. Three years later, Thomas Watson Sr., a former executive at National Cash Register, joined the company. Watson was the company's guiding force over the next four decades.

By the late '40s, IBM products were used in 79 countries around the world. In 1951, the company started working on the 701, the world's first mass-produced computer.

Watson's son, Thomas Watson Jr., became president of the company in 1954. The elder Watson remained CEO until May 1956, a month before his death.

The company currently employs about 425,000 employees and operates in more than 200 countries.

Here are some key facts and figures about International Business Machines :

Stock Performance & Valuation

  • Close on June 16, 2011: $162.33
  • Median Price Target: $180 (Source: Thomson One)
  • All-time intraday high: $173.54 on May 2, 2011
  • All-time closing high: $172.87 on May 3, 2011
  • Apple's P/E: 13.69
  • S&P Tech Sector Average P/E: 25
  • Price / Book: 8.92x
  • TEV / EBITDA (Latest Twelve Months): 8.78x

Percent Change

  • YTD: 11%
  • 1-Year: 25%
  • 3-Year: 29%
  • 5-Year: 107%
  • 10-Year: 43%
  • 20-Year: 547%


Revenues:

  • Revenue LTM (Mar-31-11) : $101.62 billion
  • Revenue Growth Against the Same 12-Month Period Last Year: 4.9%
  • Latest Qtr: $24.6 billion (Q1 2011)
  • Forecast 2011 Revenue: $105.72 billion

Earnings:

  • 2010 EPS: $11.52
  • EPS Growth (2009-10): 15%
  • Latest Qtr: $2.41 (Q1 2011)
  • Forecast 2011 EPS: $12.81

Analysts' Recommendations:

  • Strong Buy: 6
  • Buy: 8
  • Hold: 9
  • Sell: 0
  • Underperform: 0

Three Highest Paid Executives

  • Samuel J. Palmisano
  • Chief Executive Officer since January 2002
  • Joined International Business Machines in 1973
  • Total Calculated Compensation*: $31.7M
  • Mark Loughridge, Chief Financial Officer
  • Total Annual Compensation: $7.2M
  • Steve Mills, Senior Vice President of Software and Systems
  • Total Annual Compensation: $6.7M

*Total Calculated compensation figures from Capital IQ include salary, bonuses, estimated stock options and other incentives.

Source:
CNBC Analytics, Capital IQ and Thomson Reuters

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