IKEA: linguistics, esthetics, engineering
First, how to say the name.
I think that the "correct" pronunciation of IKEA is "ee-kay-uh", with emphasis on the "ee" sound, similar to the way a native Swedish speaker would say it, not "eye-kee-ah" or "ai-kee-uh" with stress on the second syllable, the way most Americans say it (all the Americans I know).
What does it mean?
IKEA is an acronym for Ingvar Kamprad Elmtaryd Agunnaryd, the names of the founder and the places where he grew up.
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