STOCK PRICE
SPLIT-ADJUSTED CLOSES
AT THE END OF EACH MONTH

Friday:
$185.42

Jan. 31,
1980:
$17.16

1981
John R. Opel becomes CEO. The IBM Personal Computer is introduced to the consumer market, costing $1,565. It becomes a big hit.

1985
John F. Akers becomes CEO.

1991
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.

1993
More job cutbacks and an $8 billion loss. Louis V. Gerstner Jr. becomes CEO. Earnings per share are a loss of minus $14.02.

1992
Announces more job cutbacks and $5 billion loss. Introduces ThinkPad laptop series.

1997
World chess champion Garry Kasparov is defeated in a six-game match by Deep Blue, an IBM computer programmed to play chess.

2002
Samuel J. Palmisano becomes CEO. IBM receives the most U.S. patents for the 10th consecutive year.

2006
Celebrates 90th year of listing on the New York Stock Exchange.

2009
Earnings per share are $10.01.

1999
Redesigns its pension, creating a hybrid cash-balance plan. Employees later file a class-action lawsuit.

2012
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.

2011
Earnings per share are $13.44.

SOURCE: Barclays Research and company reports..