-1911 Charles R. Flint arranges the merger of the International Time Recording Company, Computing Scale Company, and the Tabulating Machine Company to form the Computing-Tabulating-Recording Company (C-T-R). The new company is based in New York City and has 1,300 employees. George Fairchild becomes the first chairman of the board of directors. C-T-R will be renamed International Business Machines Corporation in 1924. -1914 Thomas J. Watson, Sr., joins the Computing Tabulating Recording Co. (C-T-R) as general manager. The next …showed first 75 words of 496 total…

…showed last 75 words of 496 total…of a compatible "family" of computers transforms the industry. -1981 IBM announces the IBM Personal Computer, the smallest and -- with a starting price of $1,565 -- the lowest-priced IBM computer to date. An immediate success, the IBM PC quickly becomes the industry standard, and was one of the reasons Time magazine chose the "personal computer" as its 1982 Man of the Year. The PC also launches a whole industry of "IBM-compatible" clones, software and accessory equipment.