The document provides a history of IBM from its founding in 1896 to its current focus on cloud and hosting services and new computer chips. It details IBM's evolution over the 1900s and 2000s as it transitioned from punch card technology to developing supercomputers and connecting people through different waves of connectivity. The document also provides statistics on IBM and competitors like Microsoft, Oracle, and HP. It concludes that IBM has remained a top, profitable and well-managed company that continues to lead its industry.