Posts tagged “IBM”
Big Blue is further expanding an already large presence in China with a new Linux-focused center in Beijing. And it says the world's top Linux developer, Red Hat, will be involved as well as Red Hat rival SUSE.
An IBM facility in Research Triangle Park that even Big Blue calls a "Superlab" remains at the center of reports about a possible sale of at least a portion of IBM's server business to Lenovo. What's a SuperLab? What do they do? What are employees there hearing?
By rearranging molecules, IBM says it has made the tiniest stop-motion movie ever -- a one-minute video showing a boy dancing, throwing a ball and bouncing on a trampoline.
Big Blue, under pressure in recent days after a worse-than-expected earnings report triggered in part by falling hardware sales, is seeking to boost confidence in its stock with a bigger dividend and a larger share repurchase program.
Neither company is talking, but no one should be surprised if Lenovo announces today that it is acquiring at least a portion of IBM's server businesses. A source close to the matter tells WRALTechWire that a deal is in the works, and tech publication CRN reports talks are "moving quickly."
By delivering what the Wall Street Journal describes as a "reprimand" to the entire company through an internal video and in reassigning top hardware executive Rod Adkins - who had been a contender for the CEO job - IBM CEO Ginny Rometty shows that Big Blue is in trouble. Can she right the ship?
A review of managed hosting services by research firm Gartner gives "leader" status to AT&T, Verizon and two others. IBM comes in as a "visionary." Gartner also rates highly CenturyLink's service and Rackspace.
After an earnings report that missed analysts' expectations for the first time since 2005, IBM's CFO says the tech giant anticipates in $1 billion in costs for "workforce rebalancing." Most of that expense will come over the next two months. The cost-cutting could mean big layoffs, but affected workers are likely to get chances to apply for other positions.
Inside IBM's earnings: IBM's Systems and Technology Group (STG) revenue fell a reported 14% year-to-year excluding the divested Retail Store Solutions unit during 1Q13--with server and storage product lines all posting deteriorating revenue performance as compared to the prior quarter. IBM executives did not hide disappointment in this performance, indicating a commitment to workforce rebalancing.
Inside IBM's earnings: With yet another quarter of incremental revenue performance during 1Q13 (the third quarter out of the last four with no revenue growth or revenue decline on a year-to-year basis), the task for IBM Software through 2013 will be to shift gears to drive revenue and profit growth to deliver on 2015 financial goals.
IBM's (NYSE:IBM) first quarter revenue and net income dipped compared to year ago figures as the company saw a number of software and mainframe deals move into the second quarter after failing to close in the first.
Following media reports that Lenovo is in negotiations to buy at least a portion of IBM's server business, the world's No. 2 PC maker tells the Hong Kong Stock Exchange that a "potential acquisition" of some kind could be in the works.
Big Blue Chief Financial Officer Mark Loughridge wouldn't discuss a report that IBM is negotiating to sell its x86 server business to Lenovo. But the tech giant has made clear it's intentions of continuing a strategy to dump hardware in favor of software and services. Analysts see IBM selling at least parts of the group.