IBM
IBM is based in Armonk, New York. The company was founded in 1910 as a computing-tabulating-recording company and changed its name to International Business Machines Corporation in 1924. (Yahoo.finance.com, 2007). IBM is an innovation company that serves the needs of enterprises and institutions worldwide. IBM seeks to deliver clients success by enabling its own capacity to innovate, so that it may differentiate its organizations to create unique competitive advantages (caps.fool.com, 2007). IBM offers short-term inventory and accounts receivable financing; lease and loan financing; and sells and leases used equipment. “The organization serves banking, insurance, education, government, healthcare, life sciences, aerospace and defense, automotive, chemical and petroleum, electronics, distribution, and communication markets” (Yahoo.finance.com, 2007).
Financial highlights are as follows:
“Profitability: Profit Margin is 10.38%; Operating Margin is 14.40%.
Management......
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