Wednesday, December 17, 2008

Recession is Good

Before you all choose to hunt me down for this utterance, pray read on:
Some of the deepest recessions that hit the global economy during the past few decades have given the world companies which we are today proud of. These successful giants trace their origins to the financial mess that has plagued the world from time to time.
1. IBM: founded as the Tabulating Machine Company during the recession of the 1890s, incorporated its present name in 1924, during the Great Depression
2. Hewlett-Packard: born at the end of the Great Depression in a Palo Alto Garage
3. Microsoft: the company that rules close to 90% of the world's desktops was founded during the economic crisis of 1975
4. Symantec: one the largest companies offering information security solutions, Symantec Corp was founded in 1982, when the world was reeling under the deep financial crisis of the 1980s
5. Wikipedia: Founded in 2001 following the burst of the dotcom bubble, the company rode through the post 9/11 recession due to its non-profit structure


Courtesy: indiatimes infotech

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