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International Business Machines Corporation ('''IBM''', or colloquially, '''Big Blue'''; ) is a computer technology firm headquartered in Armonk, NY , USA . The company, which was founded in 1888 and incorporated June 15 , 1911 , manufactures and sells Computer Hardware , Software , infrastructure services, hosting services, and Consulting Services . IBM is the biggest Information Technology company in the world and holds more patents than any other tech company. With almost 332,000 employees worldwide and revenues of $91 billion annually (figures from 2005), IBM is also one of the few with a continuous history dating back to the 19th century. It has engineers and consultants in over 170 countries and development laboratories located all over the world, in all segments of Computer Science and information technology; some of them are pioneers in areas ranging from Mainframe Computer s to Nanotechnology . In recent years, services and consulting revenues have been larger than those from manufacturing. , who had held the job from 1992 to 2002, taking over from John Akers who was fired because of the company's serious financial problems. In 2002 the company strengthened its business advisory capabilities by acquiring the consulting arm of professional services firm PricewaterhouseCoopers . The company is increasingly focused on business solution driven consulting, services and software, with emphasis also on high value chips and hardware technologies; As Of 2005 it employs about 195,000 technical professionals. That total includes about 350 Distinguished Engineers and 60 IBM Fellow s, its most senior engineers. IBM Research has eight laboratories, all located in the Northern Hemisphere , with five of those locations outside of the United States. IBM employees have won five Nobel Prize s. In the USA, they have earned four Turing Award s, five National Medals Of Technology , and five National Medals Of Science , and outside the USA, many equivalents. CURRENT BUSINESS ACTIVITIES In 2002, IBM announced the beginning of a $10 billion program to research and implement the infrastructure technology necessary to be able to provide Supercomputer -level resources "on demand" to all businesses as a metered utility. This program will be implemented over the coming years. In recent years IBM has steadily increased its patent portfolio, which is valuable for Cross-licensing with other companies. In every year from 1993 until 2005, IBM has been granted significantly more U.S. patents than any other company. That thirteen-year period has resulted in over 31,000 patents for which IBM is the primary assigneehttp://www.ibm.com/news/us/en/2006/01/2006_01_10.html.
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