Leo Mendoza is a typical IBM sales rep. Based in Chicago, he starts his day with a 5:45 a.m. swim at a local health club, then usually hits the road by 7:15 to see clients in Milwaukee or Racine. A couple of days a week, he works from home. How often does he see his boss in person? Maybe once a month, maybe less.
If you own IBM shares, hold 'em. If you don't, now might still be a good time to get a piece of Big Blue.
International Business Machines posted third-quarter results on Thursday that met analysts' forecasts, then raised its expectations for the rest of the year, citing improving sales trends during the quarter.
Antitrust regulators have opened an investigation into claims that IBM abused its dominance of the market for mainframe computers to suppress rivals, an industry group said Thursday.
IBM's improved outlook lifted the Dow industrials Friday, but the broader market struggled as investors showed fatigue after a strong week on Wall Street.
Tech earnings season kicks off this week, with quarterly reports from industry giants Intel, Google and IBM, and investors will be hungering for signs that a turnaround is imminent.
I'm a bit intimidated entering IBM's research center in Hawthorne, New York. After all, the company's sales totaled $104 billion...yes, billion...last year.
In keeping with its massive Smarter Planet strategy designed to match analytics software, sensor technologies, and consulting expertise to the world's problems, IBM last week cut the ribbons on the Global Rail Innovation Center in Beijing, China.
Big companies, ranging from AT&T to Dell to FedEx to Tyson Foods, are among those cashing in on the billions of dollars of federal stimulus money that is rolling out the door.
At a table in Las Vegas, a town fueled by big bets, IBM software chief Steve Mills outlined one he doesn't want to make: Buying application provider SAP.
Leo Mendoza is a typical IBM sales rep. Based in Chicago, he starts his day with a 5:45 a.m. swim at a local health club, then usually hits the road by 7:15 to see clients in Milwaukee or Racine. A couple of days a week, he works from home. How often does he see his boss in person? Maybe once a month, maybe less.
If you own IBM shares, hold 'em. If you don't, now might still be a good time to get a piece of Big Blue.
International Business Machines posted third-quarter results on Thursday that met analysts' forecasts, then raised its expectations for the rest of the year, citing improving sales trends during the quarter.
Antitrust regulators have opened an investigation into claims that IBM abused its dominance of the market for mainframe computers to suppress rivals, an industry group said Thursday.
IBM's improved outlook lifted the Dow industrials Friday, but the broader market struggled as investors showed fatigue after a strong week on Wall Street.
Tech earnings season kicks off this week, with quarterly reports from industry giants Intel, Google and IBM, and investors will be hungering for signs that a turnaround is imminent.
I'm a bit intimidated entering IBM's research center in Hawthorne, New York. After all, the company's sales totaled $104 billion...yes, billion...last year.
In keeping with its massive Smarter Planet strategy designed to match analytics software, sensor technologies, and consulting expertise to the world's problems, IBM last week cut the ribbons on the Global Rail Innovation Center in Beijing, China.
Big companies, ranging from AT&T to Dell to FedEx to Tyson Foods, are among those cashing in on the billions of dollars of federal stimulus money that is rolling out the door.
At a table in Las Vegas, a town fueled by big bets, IBM software chief Steve Mills outlined one he doesn't want to make: Buying application provider SAP.
IBM said Tuesday that it will increase its quarterly dividend by 10% and will repurchase an additional $3 billion of its stock.
Big tech firms from IBM to Microsoft reported less-than-stellar financial results this week -- but there were pockets of optimism and most companies expect the end of 2009 to look much brighter.
The cup of coffee I drank this morning required 37 gallons of water to produce. In the United States, 35 out of 50 U.S. states will face water shortages in the near future. Even as drought and desertification inflict international misery, the world's five largest beverage companies collectively use enough water to satisfy the needs of the entire planet.
International Business Machines posted first-quarter earnings per share Monday that rose more than expected from a year ago, even as sales slipped substantially.
The acquisition of Sun Microsystems by International Business Machines' rival Oracle on Monday came just weeks after Sun's negotiations with IBM failed.
Stocks slipped Monday, retreating after a four-week run, on a bearish analyst note about the bank sector and a breakdown in merger talks between IBM and Sun Microsystems.
Not all sellers are adjusting to the new merger market. Dealmakers - like the U.S. lawyers and bankers gathered in New Orleans last week - were hopeful that the expectations of buyers and sellers are aligning.
Stocks retreated Monday, losing some momentum after a four-week rally, with a breakdown in IBM and Sun Microsystems talks leading a technology selloff.
It's the last day of a first quarter that most investors would like to forget. Stocks may have bounced back a bit in March, but the Dow and S&P 500 are still down more than 10%.
IBM's reported plans to lay off thousands of U.S. workers and outsource many of those jobs to India, even as the company angles for billions in stimulus money, doesn't sit well with employee rights advocates.
Computer giant IBM reportedly is mulling a $6.5 billion acquisition of Sun Microsystems, a combination that would bolster Armonk-based IBM's ability to deliver new services to corporate customers, including software and other applications delivered over the 'Net.
Stocks opened lower Wednesday morning as the Federal Reserve resumed its policy meeting and IBM is reportedly in talks to buy Sun Microsystems for at least $6.5 billion.
Here's one group you won't hear complaining too bitterly about government spending: Tech executives.
IBM employees being laid off in North America now have an alternative to joining the growing ranks of the unemployed - work for the company abroad.
Our love affair with PC hardware may be waning in this recession. Instead, we're smitten with services.
Stocks rallied early Wednesday, bouncing after the previous session's steep decline, as a positive earnings report and forecast from IBM helped temper ongoing worries about the auto and banking sectors.
Shares of IBM Corp. jumped 4% after hours Tuesday after the blue-chip reported better-than-expected fourth quarter earnings and offered an upbeat outlook for the year despite declining revenues.
Debt has always been a four-letter word, but has become an especially dirty one during this credit crunch. These days, folks with plenty of cash and no debt are cast as paragons of fiscal virtue, while those that ran up credit card bills are not.
When it comes to recruiting the Millennial Generation, it isn't only about salary ... it's about community service.
IBM Corp.'s second-quarter profit leaped 22 percent, blowing past Wall Street estimates as the technology company's bread-and-butter services division continued to thrive despite economic malaise in the U.S
Whew! So many earnings and so little time to digest everything. But let's try, shall we?
IBM on Friday said the Environmental Protection Agency has lifted a week-old ban that prevented the company from getting new government contracts
It has not been an easy year for investors.
Stocks closed higher Tuesday, for the third session in a row, as upbeat news from IBM and bond insurer MBIA helped offset a number of discouraging economic reports released earlier in the session.
Stocks closed higher Tuesday, for the third session in a row, as upbeat news from IBM and bond insurer MBIA helped offset a number of discouraging economic reports released earlier in the session.
Wall Street reversed earlier losses and rallied Tuesday after IBM approved a $15 billion stock buyback, suggesting to investors that there are still some companies out there with financial muscle
Stocks erased losses Tuesday morning, with the Dow turning higher, after IBM boosted its full-year outlook and said it would buyback $15 million in stock.
Stocks jumped Friday morning, bouncing after the previous session's steep decline, as investors welcomed upbeat earnings from GE and IBM and geared up for the expected release of the Bush Administration's fiscal stimulus plan.
Stocks rallied Monday as strong earnings from IBM boosted technology stocks and anticipation of a Fed interest rate cut encouraged investors to buy equities.
Stocks edged to session highs Monday afternoon as strong earnings from IBM boosted technology stocks and anticipation of a Fed interest rate cut encouraged investors to buy equities.
Stocks edged above session highs Monday afternoon after International Business Machines Corp. said fourth-quarter earnings will be higher-than-expected and anticipation of a Fed interest rate cut sparked a more bullish sentiment on Wall Street.
Stocks rose Monday after Dow component, International Business Machines Corp., said fourth-quarter earnings will be higher-than-expected and Credit Suisse upgraded U.S. stocks.
Stocks opened higher Monday morning after International Business Machines said fourth-quarter earnings will be higher-than-expected.
Stocks got a power surge at the start of trading Monday on IBM's earnings surprise.
IBM issued preliminary quarterly earnings Monday that handily beat Wall Street's estimates, sending its stock soaring.
Stock futures jumped Monday morning after tech bellwether IBM reported preliminary quarterly earnings that exceeded Wall Street's estimates.
Stereotypical images of Africa, as a global backwater plagued by poverty, disease, conflict and corruption, hide some encouraging realities. Democracy has taken root across the continent. The African economy is expanding briskly. So, too, are opportunities for businesses.
Tighter credit isn't stopping the world's biggest tech companies from continuing their acquisition binge. Software that helps customers understand what's happening in their businesses is, as an analyst says, "redhot."
Tech stocks rallied Wednesday as investors welcomed Intel and Yahoo's upbeat earnings, but blue chips slipped as investors dumped shares of IBM and United Technologies and eyed oil prices that briefly spiked to $89 a barrel.
The term "urban farming" may conjure up a community garden where locals grow a few heads of lettuce. But some academics envision something quite different for the increasingly hungry world of the 21st century: a vertical farm that will do for agriculture what the skyscraper did for office space.
Stocks were poised for a recovery Thursday as encouraging results from tech bellwether IBM helped offset concerns sparked by Federal Reserve Chairman Ben Bernanke.
U.S. stocks gained ground at the start of trading Thursday as investors cheered the day's earnings reports, particularly tech bellwether IBM.
IBM, the world's largest technology services company, Wednesday beat quarterly profit expectations and raised its earning forecast for the year, helped by acquisitions and growth in computer services.
International Business Machines Corp. said Monday that it would buy Canada's DataMirror Corp. for about $163.5 million, continuing its push to expand software revenue through acquisitions.
IBM is going green in more ways than one. The tech giant said earlier this year that it would commit $1 billion annually to develop more energy efficient data centers.
It is news that will be greeted with despair and joy in equal measure in family homes across the globe -- Computer games might be good for children. According to scientists at Brunel University in West London, "young people can experience huge benefits from participating in multi player online role playing games".
Lasting lessons from business leaders who've gone to the great corner office in the sky.
Intl. Business Machines (IBM) ranks no. 15 on FORTUNE's list of America's largest corporations.
The Dow industrials rose Tuesday, moving ever closer to the 13,000 mark, while the broader market struggled as investors weighed upbeat corporate earnings with weaker readings on housing and consumer confidence.
The Dow industrials probed the record 13,000 mark Tuesday afternoon while the broader market was flat as corporate earnings continued to be stronger than expected, but weakness in housing and consumer confidence weighed heavily.
The Dow industrials gained while the broader market crept lower Tuesday afternoon as investors weighed strength in Honeywell, Texas Instruments and IBM against weakness in housing and consumer confidence.
The Dow industrials inched higher and the broader market crept lower near midday Tuesday as investors weighed strength in Texas Instruments and IBM with weak reports on housing and consumer confidence.
Stocks struggled Tuesday morning, as investors weighed Texas Instruments' upbeat forecast and IBM's $15 billion share repurchase news with weaker-than-expected reports on consumer confidence and housing.
The Dow Jones industrial average hit a new high Wednesday afternoon on the strength of solid earnings from JP Morgan and Intel, while Yahoo and IBM dragged down the tech sector.
Yahoo and IBM dragged down the tech sector Wednesday afternoon, while the Dow Jones industrial average struggled near its all-time trading and closing highs.
The Dow Jones industrial average inched toward a record high Wednesday thanks to strong earnings from JP Morgan, but the broader market struggled amid concerns about results at Yahoo and IBM.
Tech stocks slumped and the broader market struggled Tuesday morning, as concerns about Yahoo and IBM's earnings vied with relief about results from JP Morgan and Intel.
Heath Thompson is vice president, product development for IBM Internet Security Systems.
IBM plans to unveil a prototype chip based on optical technology that would allow transfers between chips up to eight times faster than current processors, said a report Monday.
Time passes slowly in Novosibirsk. In front of the opera house on Red Prospect, skateboard kids skid off the plinth of the Lenin statue, chewing on Afghan nuswar, which calibrates the brain to a low buzz. Rusted auto husks and the tilting chimneys of roadside hovels appear to have slouched into poses over many decades. At the boat hotel on the Ob River, the cook does not hurry with the kasha. The capital of Siberia, Russia's thirdlargest city, Novosibirsk in winter offers few explicit charms.
The former IBM employee who led the development of the first widely used programming language, which paved the way for modern software, died Saturday, according to a report Tuesday.
IBM CEO Sam Palmisano earned $18.8 million in compensation in 2006, as the world's biggest computer services company posted its best year under his leadership.
Last November in Beijing, IBM gathered 2,000 employees, with 5,000 more watching on the web, to unveil a series of global initiatives on digital storage, branchless banking, and the like. During th...
Stocks steadily moved higher Monday following a flurry of merger activity and a drop in crude oil prices, but investors remained reluctant as they faced a glut of earnings and economic news later in the week.
Falling oil prices gave stocks a lift early Monday afternoon, but gains were limited ahead of a busy week for company earnings and economic news.
Last November in Beijing, IBM gathered 2,000 employees, with 5,000 more watching on the web, to unveil a series of global initiatives on digital storage, branchless banking, and the like. During the presentation, CEO Sam Palmisano walked up to an onstage PC, logged onto the online three-dimensional virtual world called Second Life, and took command of the cartoon-like "avatar" that represents him there.
Earnings concerns weighed on U.S. stocks at Friday's open after reports from several key companies, including IBM.
Concerns about technology issues, reflected in a negative reaction to IBM's results, could plague U.S. stocks when markets open Friday.
IBM, the world's largest technology services company, reported higher fourth-quarter earnings Thursday that slightly exceeded analyst projections.
IBM's been on a tear over the past six months, but it's not the IBM you once knew.
Stocks managed slim gains Monday, as investors welcomed lower oil prices, a spate of mergers and some bullish analyst comments on the technology sector.
Stocks inched higher Monday afternoon, as investors welcomed lower oil prices, a spate of mergers and some bullish analyst comments on the technology sector.
The chess match between Garry Kasparov and IBM's Deep Blue in 1997 was the showdown of man vs. machine: the world's greatest chess player versus the world's greatest chess-playing computer.
Supercomputers don't come draped in a cape or tights, but they're heroic nonetheless.
Suitably clad all in black on a balmy Halloween afternoon, Carol Timpanelli makes her way through the aisles of the Stop & Shop grocery store in Trumbull, Conn. Upon choosing an item, Timpanelli, 4...
IBM has filed two patent infringement lawsuits against Amazon.com for unspecified damages, the company announced Monday.
It's earnings season in earnest. Some will be up (IBM), some will be okay (Intel), and some will be soft (Yahoo). Overall the picture is perfectly fine, ya dig? See below...
Ginni Rometty, SVP, Global Business Services of IBM, ranks No. 16 on Fortune's 2006 list of 50 Most Powerful Women.
IBM and computer maker Lenovo announced Thursday a recall of 526,000 laptop batteries worldwide made by Sony Corp. because of a fire risk.
Intl. Business Machines ranks no. 29 on FORTUNE's Global 500 this year, with $91.1 billion in revenues, down 5.4% from the previous year. The Armonk, New York-based company was ranked no. 20 on the 2005 list. Its 2005 profits were $7.9 billion, down 5.9% from a year earlier. 2005 was a banner year for most Global 500 companies.
Pop quiz: What new technology has the United States and Japan engaged in the virtual equivalent of the Space Race? The surprising answer: It's biotech.
The problem: an epidemic of shoddy patents.
It was a match made in computer heaven.
In a victory for IBM, an appeals court on Monday ruled that IBM's conversion of its traditional pension plan to a cash-balance plan did not discriminate against older workers.
IBM Tuesday reported second quarter-earnings that topped Wall Street forecasts by a penny a share and sales that were in line with estimates, but the company posted weaker than expected services bookings, a closely watched indicator of the company's performance.
IBM remains one of the world's greatest technology companies, but the stock has been stagnant for more than a year.
Only 33 percent of large firms (200-plus employees) offer them, half the proportion that offered them in 1988. Most experts think that dropoff will continue, which means that such benefits in any substantive form will just about disappear within several years.
IBM's sales in India soared 60 percent in the first quarter while sales overall were flat, so it's easy to see why the world's biggest computer company said Tuesday that it's tripling its investment there to $6 billion over three years.
When Lenovo announced early last year that it would buy IBM's personal computer business, the company's shares surged.
IBM beat Wall Street's earnings projections Tuesday, thanks to strong growth in emerging markets and in processors for gaming systems as well as continuing gains from cost-cutting moves initiated last year.
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