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IBM’s Q3 mixed as revenue falls short of targets

IBM on Monday reported mixed third quarter results that illustrated how the company’s plan to grow revenue via new business units will take time. The company reported third quarter earnings of $3 billion, or $3.02 a share, on revenue of $19.3 billion, down 14 percent from a year ago. On a constant currency basis, revenue was down 1 percent. Non-GAAP ... Read More »

IBM buys cloud brokerage software developer Gravitant

IBM on Tuesday said it has acquired Gravitant, an Austin, Texas-based developer of hybrid cloud brokerage software. Terms of the deal were not disclosed. IBM plans to integrate Gravitant’s software capabilities into the IBM Global Technology Services unit, in an effort to boost its hybrid cloud and enterprise services. Gravitant’s technology allows businesses to plan, buy and manage — or ... Read More »

IBM approves $4 billion stock buyback program

IBM’s board of directors has just approved $4 billion for use in the company’s stock buyback program, plus a quarterly cash dividend of $1.30 per common share. The $4 billion is in addition to the $2.4 billion leftover from a $5 billion stock repurchase IBM approved a year ago. IBM said it will repurchase the shares on the open market ... Read More »

Every PC swapped for a Mac saves IBM $270, says Apple

Macs are traditionally considered to be pricier than their Windows-powered counterparts, but according to Apple, for every Windows PC that IBM replaces with a Mac, the company is saving money. During its quarterly earnings call on Tuesday, Apple CFO Luca Maestri was keen to point out how beneficial swapping out PCs for Macs can be. “There are currently over 30,000 ... Read More »

Now IBM unveils Blue Box Local on-prem OpenStack private cloud service

IBM aims to simplify the private cloud for businesses. Image: Shutterstock Having earlier this month rolled out the Bluemix Local platform as a service for firms to run behind their own firewall, IBM today has taken the wraps off an OpenStack on-premise private cloud service – a fruit of its June acquisition of Blue Box. The new on-premise environment, IBM ... Read More »

IBM forges sports partnerships for Watson efforts

IBM on Wednesday said that it has inked partnerships with three sports technology companies to develop cognitive computing applications for Watson. The news indicates that IBM is busy targeting verticals for its cognitive computing technology. Sports generates almost $700 billion globally, according to A.T. Kearney. Triax’s head impact app. For IBM, sports is another vertical to complement healthcare, financial services, ... Read More »

Chicken and egg? IBM TED summit asks if necessity fosters innovation

SAN FRANCISCO—Many startups sprout up these days with the ambition to alleviate a pain point, from hailing a taxi via smartphone to workplace collaboration software. But old guard corporations across multiple industries are warming up to this approach, as discussed at the annual IBM at TED summit on Wednesday afternoon. Themed “Necessity and Invention,” many of the makers, scientists and ... Read More »

IBM Watson learning new tricks for data discovery, Q&A sessions

IBM Watson continues to grow up as its parent company strives to demonstrate the wunderkind supercomputer’s potential beyond just winning a TV game show a few years ago. Big Blue’s latest developments for churning machine data into digital cognitive learning breakthroughs actually start with tackling a rather mundane discovery method. That would be the question and answer (QA) session. But ... Read More »

IBM, Rometty launch cognitive business unit

ORLANDO–IBM CEO Ginny Rometti on Tuesday outlined plans to launch a consulting unit focused on cognitive computing and how it applies to business. Like IBM’s previous shifts to e-business and smarter planet, cognitive business appears to be the latest rallying cry. “This is our moonshot. This is it,” said Rometty. IBM’s news was timed to coincide with Rometty’s talk at ... Read More »

IBM aims Linux OpenPOWER systems at Intel

IBM on Thursday launched a series of Linux servers based on OpenPOWER with the aim of taking big data workloads away from Intel. The OpenPOWER effort revolves around open hardware designs that run on IBM’s POWER processor. The aim of the group, which includes IBM, Nvidia, Mellanox, Canonical and Wistron, is to offer a counterweight to Intel in the data ... Read More »

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