Posts tagged “IBM”
While IBM didn't announce any more job cuts during a conference call last week to discuss its latest earnings, unions representing IBMers overseas and Alliance@IBM, which wants to unionize workers in the U.S., met in Europe to discuss strategy. They agreed on a series of "demands" that call for Big Blue to "protect" its "loyal work force."
Analysis: Amid a mixed growth picture for IBM as a whole, 2% year-to-year growth in overall software revenue illustrates that IBM's existing software assets continue to drive customer conversations and purchasing across the IBM install base, writes Elizabeth Hedstrom Henlin, an analyst with Technology Business Research.
IBM revenue fell 4 percent to $22.5 billion, below the $22.9 billion that analysts polled by FactSet had expected. It's the eighth consecutive quarter of revenue decline. The biggest drop was in its systems and technology unit, or hardware, where revenue tumbled 23 percent to $2.39 billion from $3.11 billion.
Analysis: IBM's first quarter financial performance outlines a company in the midst of a long-term strategic evolution, and demonstrates cloud and big data-driven disruption impacting the IT industry as a whole. Krista Macomber of Technology Business Research crunches the numbers and trends.
IBM is due to report in latest quarterly financials today, and speculation is circulating that Big Blue may announce another work force "rebalancing." In other words, layoffs. Meanwhile, Citigroup has cut IBM shares to "neutral" from "buy," and the Street expects the tech giant to report an eighth straight quarterly decline in revenue.
Richard "Dick" Daugherty, a former senior executive at IBM, a longtime champion of NCSU's Centennial Campus, and a driving force behind the new strategic plan for Research Triangle Park, is among the latest inductees for the Raleigh Hall of Fame. Way to go, Dick. You deserve this honor.
The North Carolina Technology Association released a second wave of speakers this week for the organization's upcoming State of Technology conference in Durham on May 16.
Lenovo has already secured office space in RTP for some 2,000 IBMers who are expected to be transferred as part of then $2.3 billion deal for Big Blue's x86 server business. But Bloomberg news reports that the deal faces a "perfect storm of issues" in winning U.S. government approval. It's deja vu 2005 all over again.
BD reboots startup program; NePhroGenex clinical trial; Red Hat Summit; OxyBio update; LabCorp board shuffle
In the latest Bulldog roundup of life science and technology news: BD Technologies re-launches incubator program; NePhroGenex reports a loss for 2013 but secures providers for big clinical trial; Red Hat adds IBM exec to Summit lineup; OxyBio can resume testing; and LabCorp shuffles board.
IBM on Monday reportedly began telling workers in its x86 server business whether they would be transferring to Lenovo or not. IBM won't comment, but Lenovo reaffirms its stated commitment to hire some 2,000 IBMers in RTP alone. Meanwhile, the proposed IBM-Lenovo deal receives government approval in India.
Chinese workers who went on strike to protest IBM's sale of a plant to Lenovo are being paid $6,000 to accept the transfer. No such offers are being reported for workers in the United States.
The strike at an IBM x86 server plant in China by some 1,000 workers is ending - but the workers claim they won concessions from Big Blue for better severance and retention packages. Still, about half of them have decided not to transfer to Lenovo despite a plea from the company. IBM's $2.3 billion sale of its sever business to Lenovo triggered the walkout. Meanwhile, in RTP, IBM x86 workers will soon have a new home.
Lenovo will utilize a former Ericsson location for server operations that are being acquired in a $2.3 billion deal with IBM. In a statement, Lenovo confirmed that it had selected the 450,000 square foot complex and will build additional space.
Media reports say that some workers have been fired for going on strike at an IBM server plant in China which Lenovo hopes to acquire as part of its $2.3 billion deal with Big Blue. Lenovo is trying to steer clear of the mess, issuing a lengthy statement saying the strike is for IBM to resolve.
As IBM's "Watson" serves up recipes at South by Southwest, Chair and CEO Ginny Rometty is mixing things up on IBM's board of directors with the naming of a "presiding director." Will this change help Rometty deliver a winning formula? IBM isn't talking about the change other than what's in an SEC filing.
With revenue falling 5 percent in 2013 and its top executive acknowledging in a letter to shareholders that the company "did not meet our expectations," IBM on Monday made a change to its governing structure by naming former UPS CEO as its first presiding director.
"We must acknowledge that while 2013 was an important year of transformation, our performance did not meet our expectations," Ginny Rometty said over the weekend in a letter to investors in the company's annual report. "While we continue to remix to higher value, we must also address those parts of the business that are holding us back."
A 35-page document given the workers affected across the U.S. as part of the "resource action" as IBM calls layoffs includes a specific reference stating that IBM is not seeking a waiver of claims under the Federal Age Discrimination in Employment Act, or ADEA. Therefore such information listed in previous IBM layoffs is not required, says Raleigh attorney Jeremy Sayre of the law firm Ward and Smith, P.A.
The New York Times and Financial Times report that workers at an IBM plant near Hong Kong have continued a strike for the fourth consecutive day. They are protesting the sale of IBM's x86 server business to Lenovo. IBM says it hopes workers will accept the transfer.