Do you know what IBM stands for?
It stands for International Business Machines (IBM - Get Report) , and was named so in 1924.
However, IBM hasn't always been IBM.
In 1911, it was called the Computer-Tabulating-Recording Company or C-T-R.
The company, which is best known for its computer hardware and software, made its first software in 1953.
Fortran was a popular language for high-performance computing and is the basis for many other programming languages.
IBM helped NASA track the flight of the Mercury astronauts in 1963. It also supported the Gemini flights in 1965, the Saturn flights in 1966 and the 1969 lunar mission.
IBM is Real Money's #StockoftheDay. Read the latest on the stock here.
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