The Computing- Tabulating- Recording Co. is renamed International Business
Machines Corporation (IBM). The company had operated under the IBM name in Canada
since 1917.
The Quarter Century Club - which recognizes employees with 25 years of service -
is organized.
The first issue of Business Machines is published as an IBM internal publication.
It would be a staple for IBM employees for the next 40 years.
IBM introduces a self-regulating time system.
IBM's Fred M. Carroll develops the Carroll Rotary Card Press to produce punch card
blanks at high speed. At a rate of 1000 cards every 60 seconds, the press produced
a dollar of revenue for IBM every minute it was in operation.
