IBM

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Stocks Flat After Day in Red
 Stocks Flat After Day in Red 
MARKETS
Apr 17, 2008 3:27 PM CDT

Stocks Flat After Day in Red

Mixed data leads to seesaw after Wednesday's rally

(Newser) - The Dow ticked up 1.22 points to close at 12,620.49 today, after a flood of mixed earning reports mostly kept stocks down during the session. One analyst was impressed the market didn’t dip, saying it “seems to be holding up relatively well, especially after yesterday’...

IBM First Quarter Profits Jump 26%

US revenue up 6% despite slowdown

(Newser) - Bellwether IBM posted a 26% spike in profits for the first quarter, proving that some tech companies are escaping the fallout from the economic downturn. The gains include a 6% increase in American revenue to $9.9 billion and are attributed to corporate customers buying products and services designed to...

IBM Creates a Cooler Supercomputer
IBM Creates a Cooler Supercomputer
Apr 8, 2008 1:10 PM CDT

IBM Creates a Cooler Supercomputer

Chilled water reduces energy needs for a more powerful machine

(Newser) - IBM has found a way to squeeze five times the performance out of a supercomputer at just 40% of the power. The newest version of the Power 575 draws chilled water into the computer and runs it through copper plates above processors to cool them, before expelling the heated water,...

Feds Lift Ban on IBM Contracts

IBM withdraws protest of lost EPA contract

(Newser) - The government Thursday lifted a week-old ban that prevented IBM from competing for new federal contracts. In exchange, IBM agreed to withdraw its protest of an $84 million contract with the EPA it lost last year, and to refund any attorney fees and costs the Government Accountability Office paid to...

IBM Banned from Gov't Contracts
IBM Banned from Gov't Contracts
Apr 1, 2008 8:36 AM CDT

IBM Banned from Gov't Contracts

Big Blue probed over alleged insider info that led to fat EPA deals

(Newser) - A US Attorney in Virginia has temporarily barred IBM from pursuing new government contracts while it investigates three 2006 IBM contracts with the EPA, MarketWatch reports. "The basic issue is whether certain information concerning a contract should have been provided to IBM employees by an EPA employee," said...

Oracle Stock Dives 8% on Flagging Q3 Revenue
Oracle Stock Dives 8%
on Flagging Q3 Revenue
Earnings report
Mar 27, 2008 7:45 AM CDT

Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

(Newser) - Oracle missed its third-quarter revenue projections yesterday and investor reaction was swift and dramatic: shares of the software maker dropped 8% in after-hours trading, reports the Wall Street Journal. This despite the fact that Oracle’s profits rose 30% to $1.34 billion, 26 cents per share, from $1.03...

Sun Banks on Lasers to Make Next Speed Leap

Using light, not wires, to connect chips could make computers 1,000 times faster

(Newser) - Sun Microsystems is moving toward connecting computer chips using lasers instead of wires, a move that could make computers 1,000 times faster. The company snagged a $44 million Pentagon contract to continue work that could also mean smaller, more energy-efficient machines. It won’t be easy, though: A Sun...

World's Biggest Tech Show Goes Green

Top IT companies will display environmental friendliness at CeBIT

(Newser) - Greener tech solutions are a focus of this year’s CeBIT technology trade fair, which opens tomorrow in Germany. Tech companies from around the world will showcase products like servers that use less electricity alongside their hot new gadgets, AP reports. The emphasis on green ideas sets the tone for...

Stocks Surge on IBM Buyback
Stocks Surge on IBM Buyback
MARKETS
Feb 26, 2008 3:40 PM CST

Stocks Surge on IBM Buyback

Techs bolster confidence on 3rd straight day of gains

(Newser) - A $15 million buyback by IBM plus today's good retail news and higher commodity prices set off a third straight day of stock market gains. IBM sparked a tech rally, including big gains by Intel and Microsoft, the Wall Street Journal reports. The Dow gained 114.7 to close at...

IBM to Buy Back $15B of Stock
IBM to Buy Back $15B of Stock
Feb 26, 2008 3:04 PM CST

IBM to Buy Back $15B of Stock

Company raises its profit forecast

(Newser) - IBM will repurchase $15 billion of its own stock, it revealed today, leading the IT company to raise its profit forecast for the year to beat Wall Street predictions. The Armonk, NY-based computing giant will spend $12 billion on the buyback this year, the AP reports. The company told the...

Strong Overseas Growth Buoys IBM Sales

Despite a lagging US economy, there's hope for multinational tech firms overseas

(Newser) - IBM, already weathering the economic storm that’s bedeviled many other major US companies, said sales overseas, especially in Europe and developing nations, would help it overcome trying economic conditions at home in 2008, reports the Wall Street Journal. The computer services giant said it expects annual per share earnings...

Economic Worries Propel Silicon Valley Deals

Oracle and Sun Microsystems may be only tip of the iceberg

(Newser) - Recent acquisitions by Sun Microsystems and Oracle could be the opening round of new Silicon Valley deal-making, the Wall Street Journal reports, as tech companies worried about a US economic slowdown seek to strengthen their positions. Smaller companies struggling to stay afloat are tempting targets; bigger fish also want to...

IBM Leads Stock Surge
IBM Leads Stock Surge
MARKETS
Jan 14, 2008 3:45 PM CST

IBM Leads Stock Surge

Hopes for another rate cut also contributed to the rally

(Newser) - Stocks surged today, propelled by hopes for an interest rate cut and expectation-busting fourth-quarter results from IBM. "The Fed has a very hard job right now, but I think the market is saying it thinks they are up to the task," a trading exec told the Wall Street ...

Corporations Share Green Tech Patents

IBM, Nokia, Sony and Pitney-Bowes join the new Eco-patent Commons

(Newser) - IBM tops the list of companies donating patents to a group that aims to help businesses produce greener products by sharing eco-friendly technology. Big Blue has promised 27 patents to the Eco-patent Commons; Nokia, Sony and mail equipment maker Pitney-Bowes will also donate, reports PC World. Shared patents will be...

IBM Tops Q4 Expectations by $1B
IBM Tops Q4 Expectations by $1B
Jan 14, 2008 10:20 AM CST

IBM Tops Q4 Expectations by $1B

Strong sales to developing markets send Big Blue stock soaring

(Newser) - IBM shares soared after the company released preliminary quarterly earnings today that beat Wall Street’s predictions by $1 billion, reports Bloomberg. Shares popped 8% in early trading after the company said “strong operational performance in Asia, Europe, and emerging countries” helped it to a 24% bump in earnings...

IBM Launches Social Mapping Biz Tool

'Atlas' analyzes individuals' business statistics, relationships

(Newser) - IBM has released a software tool named 'Atlas' that aims to track and analyze statistical relationships among individuals in a corporate setting, MIT Technology Review reports. Employees are given the opportunity to partake in business-adapted online practices—blogging, social grouping, bookmarking, organizing projects—and Atlas creates a "social graph"...

Breakthrough Speeds Up, Shrinks Chips

Huge supercomputers may be reduced to the size of laptops

(Newser) - IBM scientists have reached a “significant milestone” in chip technology, using optical signals to speed up and shrink the largest multicore processors. The breakthrough controls light pulses with a device called a wave-guide, a wire-like structure on the chip that communicates among processors; hybrid electronic-optic chips could reduce refrigerator-sized...

Sun Rises on Dell
Sun Rises
on Dell
Nov 15, 2007 11:09 AM CST

Sun Rises on Dell

Deal to install Solaris OS on Dell servers should help Sun Microsystems grow

(Newser) - Computer seller Dell, looking to regain momentum by responding to business customer demand to offer broader, simpler technology solutions, will install the Solaris operating systems on its servers, giving a boost to longtime rival Sun Microsystem’s efforts to grow its software business, reports the New York Times.  “...

IBM to Buy Canada's Cognos for $5B
IBM to Buy Canada's Cognos for $5B
Nov 12, 2007 12:19 PM CST

IBM to Buy Canada's Cognos for $5B

Company's software products model business decisions

(Newser) - IBM will buy Cognos for $5 billion, the latest in a rash of “business intelligence” software acquisitions. The move could help IBM keep up with SAP AG and Oracle, each of which recently teamed with similar companies, the AP reports. The purchase price is a 9% premium over Cognos’...

IBM Scrapes Silicon Scraps
IBM Scrapes Silicon Scraps
Oct 30, 2007 10:55 AM CDT

IBM Scrapes Silicon Scraps

Water-based abrasion technique avoids chemicals; recycles silicon for solar panels

(Newser) - IBM has developed an eco-friendly way of recycling silicon for eco-friendly solar panels. Semiconductor chipmakers often sell used silicon too thin for computing to solar panel manufacturers. Until now, they’ve used abrasive chemicals or a spray of glass beads to erase circuits from the chips. IBM plans to share...

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