Yahoo Inc Chairman Fred Amoroso is resigning effective immediately, the struggling Internet company announced on Thursday. Amoroso will be replaced in the chairman role by director Maynard Webb Jr on an interim basis until the company's annual shareholder meeting on June 25. Amoroso, a former IBM Corp executive, will remain on the board of directors until the meeting, Yahoo said. In a statement on Thursday, Amoroso said he had informed...
04:26 AM, Apr 26, 2013
It's the end of the line for Roadrunner, a first-of-its-kind collection of processors that once reigned as the world's fastest supercomputer. ...
01:19 PM, Mar 31, 2013
International Business Machines unveiled its expanded mobile strategy on Thursday in an effort to gain an advantage over rivals amid a proliferation of devices such as smartphones and tablets. ...
11:16 AM, Feb 21, 2013
A 30-year-old woman employee working with an IT company in Pune on Friday committed suicide by jumping off the seventh floor of the office building, police said. ...
01:44 AM, Jan 05, 2013
IBM on Thursday said it had appointed Vanitha Narayanan as the Managing Director of its India operations with immediate effect. She takes over from Shanker Annaswamy who will continue to remain in IBM as the Senior Adviser to the corporation on India Enterprise, the company said in a statement. ...
10:15 PM, Jan 03, 2013
New York: IBM introduced a new line of mainframe computers the company calls its most powerful and technologically advanced ever. IBM said its zEnterprise EC12 mainframe server is designed to help clients securely and quickly sift through massive amounts of data, meeting the demands of retail and other clients in the age of "Big Data." Running at 5.5 GHz, IBM said the microprocessor that powers the mainframe is the fastest...
11:24 AM, Aug 29, 2012
Toronto: International Business Machines Corp has considered buying Research In Motion's enterprise division, Bloomberg reported On Friday, citing two unnamed sources. IBM made an informal approach for the enterprise business that operates the servers used for supporting BlackBerry email and messaging services, one of the sources said, according to Bloomberg. The report said no talks were currently underway. Under the leadership of new chief executive, Thorsten Heins, RIM has hired...
12:43 PM, Aug 10, 2012
New York: Hopes are evaporating that leading technology companies will offer a safe harbour this year from the economic storms swirling across Europe, Asia and the United States. Investors should brace for some of the biggest names in US software and hardware - from Microsoft Corp and IBM to Intel Corp - to disappoint when Big Tech begins reporting quarterly earnings next week, analysts said. The trio's shares are all...
01:37 PM, Jul 11, 2012
New York: The India-born chief executive of Pepsico Indra Nooyi is one of the 18 women who are at present at the helm of America's biggest 500 corporations, according US business magazine Fortune. Nooyi is ranked fourth by Fortune in the list of Fortune 500's "female powerbrokers". "Nooyi has overseen a shift in focus from soft drinks into less profitable, albeit healthier, snack foods market in recent years," Fortune said....
05:04 PM, May 09, 2012
Bangalore/Mumbai: The conservatism that served Infosys Ltd so well for three decades is now stunting its growth, prompting calls from investors for new blood at the top of India's showpiece outsourcer. Critics say Infosys also must shed its aversion to acquisitions, change its premium pricing strategy and make better headway in higher-end businesses like consulting to compete with global rivals IBM and Accenture. "It's one thing to get to the...
12:48 PM, May 07, 2012
New Delhi: Tata Group is the only Indian entity which has managed to find a place in the list of ten best companies for leadership in Asia, according to a study by management consultancy giant Hay Group. The Tata Group is at the fifth position among ten best companies for leadership in Asia list, which has been topped by Samsung Group followed by Toyota Motors and Unilever at the second...
05:18 PM, May 06, 2012
New Delhi: Technology major IBM and software exporter Infosys have emerged as the most preferred employers for engineering and non-engineering graduates, respectively, says a survey. "IBM and Infosys have emerged as the most preferred employers by both engineering (BE/BTech) as well as non engineering graduate (BSc/BBA, BA, BCA) students," said the survey conducted by job portal Firstnaukri.com, focused on entry level hiring. According to the portal, both the companies are...
05:15 PM, Apr 24, 2012
Menlo Park: Facebook has acquired patents from IBM as it girds itself for litigation, including a lawsuit by Yahoo. A company spokesman on Thursday confirmed the purchase but did not provide details. Earlier, Bloomberg News said Facebook acquired 750 patents covering technologies dealing with software and networking. It cited a person with knowledge of the transaction who was not named in the report Thursday. Last week, Yahoo Inc. sued Facebook,...
12:31 PM, Mar 23, 2012
We flip back the pages of tech history to know the important technology events that took place on March 19: 2009: Microsoft announced the global availability of Windows Internet Explorer 8 on March 19, 2009 for Windows XP, Windows Server 2003, Windows Vista, Windows Server 2008 and Windows 7. It brought new opportunities for Web developers. By incorporating the Internet Explorer Developer Toolbar directly into Internet Explorer 8, Microsoft enabled...
05:24 PM, Mar 19, 2012
New Delhi: Tata Steel has topped a list of India's 50 most admired companies, while four other companies from the steel-to-software conglomerate Tata group have also made to the first such rankings. However, the first such list for India, compiled by business magazine Fortune and global management consultancy Hay Group, has nearly half of the total 50 positions being occupied by the Indian units of the foreign companies. Tata Steel...
02:46 PM, Mar 06, 2012
Davos: Infosys, India's second largest software services exporter, aims to expand its workforce in Europe, but is having trouble finding the computer science graduates it needs, the head of its European operations said on Friday. "The biggest problem for us with regard to hiring is that there aren't enough people who want to study computer science in Europe and the UK," said BG Srinivas, head of European operations at Infosys....
09:27 AM, Jan 28, 2012
Bangalore: International Business Machines plans to buy analytics software provider DemandTec for about $440 million in cash. IBM said DemandTec will extend what it calls its smarter commerce initiative, which helps retailers analyse and predict consumer behaviour to adjust prices and products accordingly. IBM sees smarter commerce software sales reaching $20 billion within the next year. The acquisition is subject to DemandTec shareholder approval and is expected to close in...
10:59 AM, Dec 10, 2011
Shanghai: Infosys Ltd, India's No 2 software services exporter, is looking for acquisitions worth up to $ 700 million, Infosys' Executive Co-Chairman Kris Gopalakrishnan said on Thursday. Infosys has been on the hunt for acquisitions in the healthcare and life science sectors and is looking at firms that have platforms or niches in geographies that its lacks. "Typically, the size we are looking for is up to 10 per cent...
11:25 AM, Oct 27, 2011
San Francisco: IBM Corp. has passed a milestone, naming the first female CEO in the company's 100-year history. The selection of Virginia "Ginni" Rometty, announced Tuesday, is also a statement about the growing influence of women in the top tiers of the technology world. Two of the biggest technology companies will have female leaders when Rometty's appointment takes effect January 1. Last month, Hewlett-Packard Co. named Meg Whitman, former eBay...
12:48 PM, Oct 26, 2011
