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| location_country = [[Urcea]] | | location_country = [[Urcea]] | ||
| website = | | website = | ||
}} | }}The '''Select Tabulation Machines Corporation (STM)''' is a [[Urcea]]n multinational technology corporation headquartered in [[Cálfeld]], [[Harren]]. | ||
The '''Select Tabulation Machines Corporation (STM)''' is a [[Urcea]]n multinational technology corporation headquartered in [[Cálfeld]], [[Harren]]. | |||
STM was founded in [[2002]] as a corporate merger of '''ITM''' (International Tabulation Machines, est. 1940) and '''Selectro''' (est. 1969). These two corporations were, at one time, [[History_of_computing_in_Urcea#PC_Wars|major competitors in the home personal computer market]] and considered important innovators. During the early 1980s, the computers manufactured by these two corporations - and derivatives thereof - held fully 91% of the home PC market share in Urcea. New technologies better utilized by other companies, as well as the availability of [[Caphiria]]n competitor models after the end of the [[Occidental Cold War]], led to a significant decline in market share for both corporations. By the mid-1990s, both corporations were struggling and consistently losing money, leading to significant internal consolidation of operations by both. In [[2000]], ITM closed its PC division and offered to purchase Selectro, but following market valuation changes and various negotiations the former rivals agreed to an even merger which became effective January 1 [[2002]]. The merger allowed STM to effectively streamline many areas and return to profitability by [[2004]]. | STM was founded in [[2002]] as a corporate merger of '''ITM''' (International Tabulation Machines, est. 1940) and '''Selectro''' (est. 1969). These two corporations were, at one time, [[History_of_computing_in_Urcea#PC_Wars|major competitors in the home personal computer market]] and considered important innovators. During the early 1980s, the computers manufactured by these two corporations - and derivatives thereof - held fully 91% of the home PC market share in Urcea. New technologies better utilized by other companies, as well as the availability of [[Caphiria]]n competitor models after the end of the [[Occidental Cold War]], led to a significant decline in market share for both corporations. By the mid-1990s, both corporations were struggling and consistently losing money, leading to significant internal consolidation of operations by both. In [[2000]], ITM closed its PC division and offered to purchase Selectro, but following market valuation changes and various negotiations the former rivals agreed to an even merger which became effective January 1 [[2002]]. The merger allowed STM to effectively streamline many areas and return to profitability by [[2004]]. | ||