IBM
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IBM Drops 4% After Its $22.48B Q1 Revenue Fails To Meet Investor Expectations
This afternoon following the close of regular trading, IBM reported its first quarter financial results, including revenue of $22.48 billion, GAAP earnings per share (EPS) of $2.29, and non-GAAP EPS of $2.54. Those figures were down, on a year-over-year basis, 4%, 15% and 15%. Read More
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New IBM Services Target Security And Disaster Recovery
IBM has seen the technology world changing as much as any other vendor and that’s part of the reason it bought SoftLayer last year –to broaden its cloud offerings. Today, the company has built upon that, announcing new security and disaster recovery services that could make the cloud more attractive to companies that remain skeptical. One area the cloud excels in is… Read More
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IBM Scoops Up Silverpop
IBM announced today it intends to buy Silverpop, a cloud marketing platform that gives marketers insight into customer activity online. Silverpop gives IBM a cloud-based marketing personalization tool that promises to provide users with a way to understand their customers better and offer more personalized experiences based on what they know. For instance, if you know that your customer is… Read More
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IBM Doubles Down On Cloud Services With Cloudant Acquisition
IBM is attempting to make up for its delayed push in cloud services by acquiring Cloudant, a YC alum and a cloud specialist in the area of NoSQL, database-as-a-service. This acquisition, the terms of which were not disclosed by the companies, comes a year after IBM acquired SoftLayer for around $2 billion, and also announced it will invest an additional $1 billion to enhance its cloud portfolio… Read More
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Twitter Acquires Over 900 IBM Patents Following Infringement Claim, Enters Cross-Licensing Agreement
Twitter announced today that it has acquired over 900 patents from IBM, and that it has entered into a cross-licensing agreement with the Internet services and software company. IBM had issued a complaint against Twitter previously for patent infringement, as reported in an S-1 filing ahead of the social network’s IPO late last year. IBM was seeking a settlement according to that… Read More
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Google Is Making A Land Grab For The Internet Of Things
Before this past December, when Google acquired seven robotics companies back-to-back, the company’s ambitions in the “Internet of Things” space looked as detailed as a freshly started jigsaw puzzle. But with its last three acquisitions — Boston Dynamics, Nest and DeepMind — it seems like Google is rapidly collecting the individual pieces to put together ‘a… Read More
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IBM Dumps Its Server Business On Lenovo For $2.3B
IBM has finally managed to sell its low-margin server business to the world’s largest PC maker Lenovo. The two companies have been negotiating this deal for past few years, and a potential sale fell off last year when Lenovo did not agree to pay what IBM wanted — $6 billion. Now, Lenovo has informed the Hong Kong Stock exchange that it will pay $2.07 billion in cash to IBM for… Read More
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IBM’s Shares Slip After Its Q4 Revenue Falls On Weak Hardware Performance
This fine Tuesday, IBM reported its fourth-quarter financial performance and was greeted with raspberries from investors with period revenue of $27.7 billion and earnings per share excluding items of $6.13. Using GAAP, IBM earned $6.2 billion, or $5.73. Off nearly a percent in regular trading, IBM eased another 2.5 percent in after-hours trading. Investors had expected IBM to earn revenue… Read More
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IBM Buys Aspera, A File Transfer Company That Counts Apple And Netflix As Customers
IBM is acquiring Aspera, a bootstrapped file transfer company that counts media companies, SaaS providers and large enterprises as customers. Terms of the deal were not disclosed. Aspera’s software is built on “fasp” its patented file transfer technology. It is designed to leverage a company’s wide area network (WAN) and commodity hardware to achieve speeds that are… Read More
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Thanksgiving Digest (IBM E-Commerce Edition): Mobile 43% Of All Traffic, Over 25% Of All Online Sales
For many years, Black Friday — the day after Thanksgiving — marked the start of the holiday shopping rush. But with many (not all) physical stores closed on Thanksgiving, a window of opportunity has emerged for e-commerce sites to push out offers and start selling a day earlier. That has proven to be big business: online sales in the U.S. this Thanksgiving were up nearly 20% (19.7%)… Read More
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IBM Thanksgiving Day U.S. Sales Data Shows 22% Of Online Transactions Made On Mobile, With Average Order $132
It’s Thanksgiving, and IBM, via its Benchmark data service is once again tracking how U.S. consumers are taking to the web to kick off their holiday season shopping, with early indications that this year is looking a bit softer than 2012. Overall, Thanksgiving online sales are up 9% over last year. On the same day in 2012, they were up by over 14%. And the average value of an online order… Read More
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Short Shorts And Long Buses: Amazon Cloud Competitors Look A Bit Foolish At AWS Conference
Amazon Web Services (AWS) is obviously making it very difficult for competitors in the public cloud market. That could not have been made more clear than how IBM and Rackspace are choosing how to make their presence felt this week at AWS re:Invent. For the past week, IBM has been getting trashed for its anti-Amazon ads that declare their superiority to AWS. The ads are a sad reflection… Read More
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IBM Revenues Down $1 Billion For Third Quarter As Hardware Sales Falter With Popularity Of The Cloud
IBM has reported its third-quarter revenues were $23.72 billion compared to $24.74 billion this time last year. The revenues were down due to the company’s underperforming hardware division, which is taking a hit with the growing popularity of cloud services. Revenues for the nine-month period totaled $72.1 billion, a decrease of 4 percent, compared with $75.2 billion for the nine… Read More
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Amazon Web Services Wins Again In Battle To Build The CIA Cloud
Amazon Web Services has won a major battle against IBM in the pursuit to build a cloud infrastructure for the intelligence community. In a ruling published today, U.S. Court of Federal Claims Judge Thomas Wheeler wrote that AWS legitimately won a $600 million contract with the CIA that IBM had contested. IBM plans to appeal the ruling. In a statement, the company said what the company offers… Read More
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IBM Acquires Xtify, A Mobile Messaging Company
IBM has announced the acquisition of Xtify, a provider of mobile messaging tools that allows push notifications to reach customers. Terms of the deal were not disclosed. Xtify’s platform leverages a company’s CRM environment, business rules and other data to run targeted campaigns. It offers the capability to target campaigns with scheduled messages according to the time zones… Read More
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IBM Buys Israel/US Cybersecurity Specialist Trusteer For $800M-$1B
Another exit for an Israeli enterprise startup and a deeper move into Israel by one of the world’s tech titans: IBM today announced the acquisition of Trusteer, a specialist in cybersecurity primarily for financial services. Terms of the deal have not been disclosed, but we have been digging and heard from a source that it’s $1 billion, after Israeli financial paper Calcalist… Read More
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An Open Letter To Embrace AWS And What It Says About OpenStack’s Self-Serving Vendors
Cloudscaling CTO Randy Bias wrote an open letter to OpenStack today. In it he outlines why the open cloud effort will only win if it accepts Amazon Web Services (AWS) and creates a compatible API. He argues that AWS is the defacto leader. The solution: OpenStack should stop trying to build out its own differentiated APIs and accept the reality that AWS is the winner in the public cloud. If it… Read More
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IBM Standardizes On Cloud Foundry, The Open-Source Developer Platform
IBM is getting into the platform-as-a-service (PaaS) market by standardizing on Cloud Foundry, originally developed by VMware and now part of Pivotal, the EMC spin-off. The move is significant for IBM, one of the most traditional of enterprise software companies. It reflects a new effort by the company to adopt open-source, cloud technologies. IBM has standardized on MongoDB, the open-source… Read More
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Server Sales Are Down As Cloud Apps Abound At The Expense Of IBM, Enterprise Giants
Gartner Research reports worldwide server sales are down 5 percent for the first quarter of the year, with IBM, HP and the other members of the top five taking the biggest hit. Server shipments declined 0.7 percent. But the drop in server sales is not at all surprising. Cloud apps are popping up by the thousands across the market, as the developer movement speeds up. But these apps are not… Read More
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IBM’s Q1 2013 Misses On Revenue Of $23.4B, EPS Of $3.00, As Service Revenue Suffers
IBM announced its Q1 2013 earnings today, reporting net revenues of $23.4 billion and earnings per share of $3.00. EPS was an improvement over last year’s numbers (of 8 percent), while revenue was down 5 percent, or 3 percent adjusting for currency. Flat software revenue and down service revenue is what led to the overall shortfall in terms of analyst expectations. Since IBM… Read More
