IBM Dell Companies Overview

IBM Dell Companies Overview IBM endeavors to prepare a common size financial statement with the common size being on the total of each side of the accounting equation. On the income statement, each item is expressed as a percentage of net sales. This helps evaluate internal make up of financial statements (Forbes, 2011). The purpose of this type of accounting is to evaluate financial statement accounts across companies.Advertising We will write a custom report sample on IBM Dell Companies’ Overview specifically for you for only $16.05 $11/page Learn More Over the years, IBM has witnessed an increase in its major revenue, indicating an increment in comparison to Dell. This could be attributed to the fact that IBM focuses mostly on major companies. Additionally, the company invests in IBM’s five major business services, namely: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. Global Technology services are the ma in income generators, most notably in 2010, and attracted a total of 39% of the company’s total revenue (Forbes, 2011). Software on the other hand accounts for the pre-tax income. The most notable IBM’s software products are Tivoli, Lotus and Rational. Its research and development team has continually endeavored to provide the company with the best information as regards the markets of its products (Forbes, 2011). This is arguably true as IBM’s mainframes have over the years been in the market and still present a profitable products line for the business, in addition to other personal computers and servers. In the information technology firms, IBM is still ranked high and is listed in Fortune magazine as among the world’s most admired companies. One of its most identifying characteristic has been the zeal to invest in low-margin business; for instance the personal computer division that was later sold to Lenovo group and later focusing on more high-value products and services. Its most valuable expense in 2010 was the purchase of Netezza at $1.7 billion (Forbes, 2011). Dell has not been doing badly either, although its revenue is far behind IBM’s. Its philosophy of actively managing demand in real time and selling what is has in its stores has ensured that the company soar to greater heights. If it relied on what it wants to sell, the company would have witnessed low profit margins than recorded (Dell, 2011).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Its success is further promoted by the fact that Dell’s customers are mostly the high-end buyers who adopt new technology, often making the market adopt new product life-cycle transitions (Dell, 2011). Its profit margins have risen steadily and more funds have been directed into research and development for the innovation of more features. Additionally, its operat ing expenses have been on the rise perhaps an attribute of the global crisis that initially affected the market of all products. The company’s manufacturing system has concentrated on the building products place orders, working closely with its major suppliers while concentrating more on consumer research to realize a flexible system. Most if its funds have thus been directed into research and development. The earnings from the shares cannot really account for much of the company’s income. Thus it is agreed that the forecast accuracy in Dell could be around 70-75%, attributable to its careful accounts selection (Dell, 2011). The company’s management has over the years focused on the high-end products with a more prolonged shelf-life. This, however, is mostly applied when the consumer market is highly unpredictable. Of the two companies, IBM is more successful and somewhat unpredictable in its development of new technologies. References Dell (2011). Financial rep orts. Retrieved from https://www.dell.com/en-us Forbes (2011). International Business Machines, Income Statement (NYSE:IBM). Retrieved from https://www.forbes.com/companies/ibm/#25deaead39c4Advertising We will write a custom report sample on IBM Dell Companies’ Overview specifically for you for only $16.05 $11/page Learn More

John Buford in the Civil War

John Buford in the Civil War Major General John Buford was a noted cavalry officer in the Union Army during the Civil War. Though from a slave-holding family in Kentucky, he elected to remain loyal to the Union when fighting began in 1861. Buford distinguished himself at the Second Battle of Manassas and later held several important cavalry positions in the Army of the Potomac. He is best remembered for the role he played during the early phases of the Battle of Gettysburg. Arriving in the town, his division held critical high ground north and ensured that the Army of the Potomac possessed the critical hills south of Gettysburg. Early Life John Buford was born March 4, 1826, near Versailles, KY and was the first son of John and Anne Bannister Buford. In 1835, his mother died from cholera and the family moved to Rock Island, IL. Descended from a long line of military men, the young Buford soon proved himself a skilled rider and a gifted marksmen. At the age of fifteen, he traveled to Cincinnati to work with his older half-brother on an Army Corps of Engineers project on the Licking River. While there, he attended Cincinnati College before expressing a desire to attend West Point. After year at Knox College, he was accepted to the academy in 1844. Fast Facts: Major General John Buford Rank: GeneralService: US/Union ArmyNickname: Old SteadfastBorn: March 4, 1826 in Woodford County, KYDied: December 16, 1863 in Washington, DCParents: John and Anne Bannister BufordSpouse: Martha (Pattie) McDowell DukeConflicts: Civil WarKnown For: Battle of Antietam, Battle of Fredericksburg, Battle of Chancellorsville, Brandy Station, and Battle of Gettysburg. Becoming a Soldier Arriving at West Point, Buford proved himself a competent and determined student. Pressing through the course of study, he graduated 16th of 38 in the Class of 1848. Requesting service in the cavalry, Buford was commissioned into the First Dragoons as a brevet second lieutenant. His stay with the regiment was brief as he was soon transferred to the newly-formed Second Dragoons in 1849. Serving on the frontier, Buford took part in several campaigns against the Indians and was appointed regimental quartermaster in 1855. The following year he distinguished himself at the Battle of Ash Hollow against the Sioux. After aiding in peace-keeping efforts during the Bleeding Kansas crisis, Buford took part in the Mormon Expedition under Colonel Albert S. Johnston. Posted to Fort Crittenden, UT in 1859, Buford, now a captain, studied the works of military theorists, such as John Watts de Peyster, who advocated for replacing the traditional line of battle with the skirmish line. He also became an adherent of the belief that cavalry should fight dismounted as mobile infantry rather than charge into battle. Buford was still at Fort Crittenden in 1861 when the Pony Express brought word of the attack on Fort Sumter. The Civil War Begins With the beginning of the Civil War, Buford was approached by the Governor of Kentucky regarding taking a commission to fight for the South. Though from a slave-holding family, Buford believed his duty was to the United States and flatly refused. Traveling east with his regiment, he reached Washington, DC and was appointed assistant inspector general with the rank of major in November 1861. Buford remained in this backwater post until Major General John Pope, a friend from the prewar army, rescued him in June 1862. Promoted to brigadier general, Buford was given command of the II Corps Cavalry Brigade in Popes Army of Virginia. That August, Buford was one of a few Union officers to distinguish themselves during the Second Manassas Campaign. In the weeks leading to the battle, Buford provided Pope with timely and vital intelligence. On August 30, as Union forces were collapsing at Second Manassas, Buford led his men in a desperate fight at Lewis Ford to buy Pope time to retreat. Personally leading a charge forward, he was wounded in the knee by a spent bullet. Though painful, it was not a serious injury.​​​ Army of the Potomac While he recovered, Buford was named Chief of Cavalry for Major General George McClellans Army of the Potomac. A largely administrative position, he was in this capacity at the Battle of Antietam in September 1862. Kept in his post by Major General Ambrose Burnside he was present at the Battle of Fredericksburg on December 13. In the wake of the defeat, Burnside was relieved and Major General Joseph Hooker took command of the army. Returning Buford to the field, Hooker gave him command of the Reserve Brigade, 1st Division, Cavalry Corps. Buford first saw action in his new command during the Chancellorsville Campaign as part Major General George Stonemans raid into Confederate territory. Though the raid itself failed to achieve its objectives, Buford performed well. A hands-on commander, Buford was often found near the front lines encouraging his men. Old Steadfast Recognized as one of the top cavalry commanders in either army, his comrades referred to him as Old Steadfast. With Stonemans failure, Hooker relieved the cavalry commander. While he considered the reliable, quiet Buford for the post, he instead selected the flashier Major General Alfred Pleasonton. Hooker later stated that he felt that made a mistake in overlooking Buford. As part of the reorganization of the Cavalry Corps, Buford was given command of the 1st Division. In this role, he commanded the right wing of Pleasontons attack on Major General J.E.B. Stuarts Confederate cavalry at Brandy Station on June 9, 1863. In a day-long fight, Bufords men succeeded in driving back the enemy before Pleasonton ordered a general withdrawal. In the following weeks, Bufords division provided key intelligence regarding Confederate movements north and frequently clashed with Confederate cavalry. Gettysburg Entering Gettysburg, PA on June 30, Buford realized that the high ground south of the town would be key in any battle fought in the area. Knowing that any combat involving his division would be a delaying action, he dismounted and posted his troopers on the low ridges north and northwest of town with the goal of buying time for the army to come up and occupy the heights. Attacked the next morning by Confederate forces, his outnumbered men fought a two and half hour holding action which allowed for Major General John Reynolds I Corps to arrive on the field. As the infantry took over the fight, Bufords men covered their flanks. On July 2, Bufords division patrolled the southern part of the battlefield before being withdrawn by Pleasanton. Bufords keen eye for terrain and tactical awareness on July 1 secured for the Union the position from which they would win the Battle of Gettysburg and turn the tide of the war. In the days following the Union victory, Bufords men pursued General Robert E. Lees army south as it withdrew to Virginia. Final Months Though only 37, Bufords relentless style of command was hard on his body and by mid-1863 he suffered severely from rheumatism. Though he frequently needed assistance mounting his horse, he often remained in the saddle all day. Buford continued to effectively lead the 1st Division through the fall and the inconclusive Union campaigns at Bristoe and Mine Run. On November 20, Buford was forced to leave the field due to an increasingly severe case of typhoid. This forced him to turn down an offer from Major General William Rosecrans to take over the Army of the Cumberlands cavalry. Traveling to Washington, Buford stayed at the home of George Stoneman. With his condition worsening, his former commander appealed to President Abraham Lincoln for a deathbed promotion to major general. Lincoln agreed and Buford was informed in his final hours. Around 2:00 PM on December 16, Buford died in the arms of his aide Captain Myles Keogh. Following a memorial service in Washington on December 20, Bufords body was transported to West Point for burial. Beloved by his men, the members of his former division contributed to have a large obelisk built over his grave in 1865.