International Business Machines Corp. (NYSE:IBM) reported in its filing with the Securities and Exchange Commission that it is awarding a bonus worth $3.6 million to CEO Virginia Rometty, as well as bonuses for the company’s senior managers. The Big Blue is awarding the bonuses despite weak performance for the past year, wherein net income declined…
International Business Machines Corp. (IBM) Brushes Aside Massive Layoff Rumors from Forbes
There are several speculations regarding the upcoming strategies of multination companies and International Business Machines Corp. (NYSE:IBM), one of the biggest telecom companies in the world, has brushed off one such so-called strategic step mentioned in Forbes report. Forbes published a report under which, it said that IBM would layoff up to 26 percent of…
International Business Machines (IBM) Stocks Down, Limits Gains on ECB Bets
International Business Machines Corp. (NYSE:IBM) shares declined 3.1 percent to $152.16, one day after reporting a weak quarterly result and a 2015 forecast that fell below estimates. The decline limited gains made by U.S. stocks on the Dow on news of stimulus from ECB (European Central Bank), but the blue-chip-index got a boost after UnitedHealth…
International Business Machines Corp. (IBM) Struggles With Falling Revenues, Might Trigger More Trimming In Future
The shares of International Business Machines Corp. (NYSE:IBM) fell in excess of 2.5 percent in the extended trading session yesterday after the company announced lower fourth quarter results with new profit target for fiscal 2015. IBM is one of the traditional IT companies that are adapting to the latest cloud computing industry while shedding their…
International Business Machines Corp. (IBM) Launches New $1 Billion z13 Mainframe for ‘Mobile Digital Economy’
International Business Machines Corp. (NYSE:IBM) launched on Tuesday the z13, a new mainframe which cost the Big Blue $1 billion in investments, as well as development related research that generated 500 new patents. “This is a mainframe for the mobile digital economy,” IBM’s systems business senior vice president Tom Rosamilia said, referring to the z13,…
International Business Machines Corp. (IBM) Cloud Services Have A Magnificent Year, Plans Expansion In Primary Global Markets
With its shares trading near its 52-week low, International Business Machines Corp. (NYSE:IBM) is still having an excellent year with its cloud services. The technology company announced expansion of its cloud service centers by nearly 25% touching 40 cloud centers throughout the globe. IBM would have 49 cloud facilities around the world including three new…
Apple Inc. (AAPL) And International Business Machines Corp. (IBM) Launch Maiden Set Of Enterprise Apps
The collaboration of two of the global tech companies, Apple Inc. (NASDAQ:AAPL) And International Business Machines Corp. (NYSE:IBM), have launched their first set of enterprise applications. The dual has launched 10 apps targeting business and government users out of their net target of 100 such apps. Five months ago, the two tech companies, once famous…
International Business Machines Corp. (IBM) Gets Multi-Billion Dollar ABN Amro Cloud Deal
International Business Machines Corp. (NYSE:IBM) and ABN Amro has inked an agreement covering terms for a 10-year deal that will see IBM providing computing services to the Dutch bank. Prior to this deal, ABN Amro has laid out its plans last month to switch to cloud infrastructure even as its customers are increasingly relying on…
Apple Inc. (AAPL), International Business Machines Corp. (IBM), Gilead Sciences, Inc. (GILD): Top 3 Stock Holdings of Bridgewater Associates
Bridgewater Associates is one of the big cap hedge funds in the United States and Ray Dalio founded it in 1973. As per the recent SEC 13F filing of Bridgewater Associates on November 12, Apple Inc. (NASDAQ:AAPL), International Business Machines Corp. (NYSE:IBM), Gilead Sciences, Inc. (NASDAQ:GILD) are its top three stock holdings. Apple Inc. (NASDAQ:AAPL)…
Twitter Inc (TWTR) And International Business Machines Corp. (IBM) To Come Together For Enterprise Data Analytics
Twitter Inc (NYSE:TWTR) and International Business Machines Corp. (NYSE:IBM) are all set to offer data analytics services to enterprises depending upon the data collected from Twitter. The main aim of this association is to help corporations understand market trends, customers, and make informed business decisions. Following his statement at the third quarter 2014 financial results,…
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