Sarah Frier | WRAL TechWire
Sarah Frier

Sarah Frier


Posts by Sarah Frier


IBM stock hits all-time high

International Business Machines Corp. shares have reached an all-time high, valuing the world’s largest provider of computer services at $236.3 billion. IBM gained 0.7 percent to $212.06 Wednesday in New York, the highest level on record. Shares of IBM have climbed 11 percent this year. The company has propelled its stock price by boosting earnings per share, divesting underperforming units and moving into higher-margin software businesses such as data analysis. IBM has said it will deliver at least $20 in earnings per share in 2015, compared with $15.25 last year. It also has set aside $50 billion for share...

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IBM’s first female CEO becomes chairman on Oct. 1

International Business Machines Corp. (NYSE: IBM) Chief Executive Officer Ginni Rometty will succeed former CEO Sam Palmisano as chairman of the board, cementing her transition as leader of the century-old company. Rometty, 55, will take the new role on Oct. 1, the same day that Palmisano steps down from the board, Armonk, New York-based IBM said Tuesday in a statement. Palmisano, 61, will become a senior adviser until he retires on Dec. 1. Rometty took the reins at IBM in January, becoming the company’s ninth CEO and its first female leader, following stints in services, sales, strategy and marketing....

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