IBM stock performance over 30 years
IBM’s stock makes up the largest portion of the benchmark Dow Jones industrial average, helping to drive that index to record highs. Whether facing the Great Depression or increased competition overseas, the company has had to reinvent itself a number of times. READ: Maximizing shareholder value: The goal that changed corporate America
AT THE END OF EACH MONTH
John R. Opel becomes CEO. The IBM Personal Computer is introduced to the consumer market, costing $1,565. It becomes a big hit.
John F. Akers becomes CEO.
Earnings plummet, with the company reporting –$2.8 billion loss. It announces the sixth major job cut-
back in five years. Earnings per share
are minus $1.05.
More job cutbacks and an $8 billion loss. Louis V. Gerstner Jr. becomes CEO. Earnings per share are a loss of minus $14.02.
Announces more job cutbacks and $5 billion loss. Introduces ThinkPad laptop series.
World chess champion Garry Kasparov is defeated in a six-game match by Deep Blue, an IBM computer programmed to play chess.
Samuel J. Palmisano becomes CEO. IBM receives the most U.S. patents for the 10th consecutive year.
Celebrates 90th year of listing on the New York Stock Exchange.
Earnings per share are $10.01.
Redesigns its pension, creating a hybrid cash-balance plan. Employees later file a class-action lawsuit.
Virginia M. Rometty becomes CEO. Revenue is $104.5 billion. Most U.S. patents for the 20th consecutive year. Earnings per share reach $15.25.
Earnings per share are $13.44.
SOURCE: Barclays Research and company reports..