All Posts Tagged Tag: ‘IBM’

IBM Submits Q1 Report

IBM just announced its first quarter earnings report for 2012, with a net income of $3.1 billion, up 7% from $2.9 billion from Q1, 2011. Total revenue was $24.7 billion, up only 1% from last year. Diluted earnings were up $0.30 from 2011 at $2.61 per share, and operating (non-GAAP) diluted earnings were $2.78 per share, up 15% from $2.41. …

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IBM Acquires Varicent Software & Gains Analytics

Today IBM announces yet another software company acquisition. This time its Varicent Software, a noteworthy provider of analytics software for compensation and sales performance management.Varicent automates the collection and presentation of sales data across finance, sales, human resources and IT departments to uncover trends, analyze data, and improve efficiency and performance. The addition of Varicent brings new power to IBM’s …

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IBM Introduces PureSystems IT Soulution

IBM has invested millions in R&D and acquisitions in an effort to streamline and add value to IT solutions over the past decade or so. Today they have announced a new category of “expert integrated systems” which promises to revolutionize the way we manage information. The new platform offers clients an alternative to current computing models and it will deliver …

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IBM Tapped to Handle Radio Telescope Data

Upon completion, the Square Kilometre Array will be the largest radio telescope on Earth, and will allow scientists to explore the furthest reaches of the universe, and take a look back some 13 billion years. Still, the SKA won’t be completed until 2024, with construction taking place in either Australia or South Africa, starting in 2016. The physical construction is …

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Facebook Buys 750 IBM Patents To Stop Lawsuits

After facing over twenty lawsuits last year, Facebook took steps to alleviate the pressure by purchasing over seven hundred patents from International Business Machines (IBM). The purchase includes various technologies used in networking and software application. Currently Facebook holds only around fifty patents, but has many more applications filed with the US patent office (around 500). This new acquisition dramatically …

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IBM Introduces New Predictive Analytics Services and Software

IBM today announced new consulting services and software that take the power of predictive analytics to new levels of impact for the highest-priority issues of C-suite decision makers. The new analytic offerings address the emerging opportunities of big data to manage financial operations, decrease fraud and nurture next-generation customer relationships. Based on experiences drawn from more than 20,000 analytics engagements, …

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HP Planning Amazon Web Service Competitor

Hewlett-Packard is preparing to launch a cloud computing platform that will compete directly with Amazon Web Services. The project, which which will be more business-oriented than AWS, is expected to launch by May, according to the HP executive in charge of the program. In an interview with The New York Times, HP’s senior vice president and manager of cloud services …

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Power Of Light Transfers One Trillion Bits/Second

Researchers at IBM have been busy perfecting a new technique which allows an optical chip to transfer one terabit (one trillion bits) of information per second. The technology will be useful in powering new supercomputers and helping data centers manage information. The new chip, being called “Holey Optochip”, exceeds current data transfer speeds by over eight times. The technique used …

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Cloud Computing Emerging As A Coveted Business Model

The budding surge of cloud computing in businesses is only just beginning, according to a study released today by IBM. Over the next three years, the study found, the number of businesses that will adopt cloud computing is expected to more than double as business leaders look to capitalize on the rapid availability of data and the growing popularity of …

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IBM’s ‘Watson’ on Wall Street

IBM’s ‘Watson’ supercomputer and Jeopardy champion just secured a gig on Wall Street, according to Bloomberg. Citigroup, the third largest lender in the U.S., will utilize Watson to “help analyze customer needs and process financial, economic and client data to advance and personalize digital banking.” IBM predicts that Watson will be able to “read” about 200 million pages in three …

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IBM Upgrades The Louvre, Makes It Europe’s First ‘Smarter Museum’

Thanks to IBM, the Louvre received a major upgrade that will help the museum protect and preserve the countless pieces of art currently in its care. The Louvre, which is the Parisian home to some of the most famous art our world has ever produced, covers more than 650,000 square feet, making it one of the largest museums in the …

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IBM Cuts Another 1,000 Jobs, Enjoys a 7% Increase in Profits

Over 1,000 U.S. IBM employees were “let go” during the past week. This comes as no surprise. IBM has been decreasing American jobs for half a decade. IBM has reduced its American workforce by over 21,000 employees since 2007. It is not possible at this time to pinpoint exactly how many IBM employees have been let go over the past …

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