I searched hard, but was unable to grasp the whole idea. Can anyone tell me:
COM is "Component Object Model". It is one of the first technologies designed to allow "binary reuse" of components... Originally, it was the rewrite of what was, in Microsoft Office circa 1988-1992 time frame, referred to as Dynamic Data Exchange (DDE), a technology designed to allow the various Office applications to talk to one another. The first attempt to rewrite it was called OLE-Automation (Object Linking and Embedding). But when they got done they renamed it to COM.
How it works:
Essentially, before COM, when a client component wanted to use a component (written as a C++ library), it had to be compiled WITH the library, so it could know exactly how many bytes into the compiled binary file to find each method or function call.
With COM, there is a defined mechanism as to how these methods will be structured, and then the compiler produces a separate file (called a type library or an Interface Definition Language (IDL) file, that contains all this function offset data.
Then, as a user of the component, you have to "register" it, which writes all this information (Keyed off of GUIDs) into the OS Registry, where any client app can access it, and by reading the data from the registry, it can know where in the binary file to find each method or class entry point.