Ibm

  • Man returns home after four months of mysterious disappearance 28-03-2014 06:55 PM

    Nearly four months after his mysterious disappearance, a senior official of Indian Bureau of Mines belonging to Karnataka on Friday returned home at Bhubaneswar, his family in Bellarysaid. Ibrahim Sharif, Assistant Controller of Mines at IBM, was reported missing on November 25 last year from Bhubaneswar with his whereabouts remaining...
  • Vodafone blames government for $2 billion tax dispute talks collapse 19-02-2014 10:47 PM

    Vodafone Group blamed the government on Wednesday for the collapse of talks aimed at settling a $2 billion tax dispute relating to its acquisition of Hutchison Whampoa's mobile business in the country. The finance ministry is preparing to seek the cabinet's approval to withdraw conciliation proceedings after Vodafone wanted a...
  • Tata India's most valuable brand; Apple on top globally 18-02-2014 09:34 PM

    London: Diversified conglomerate Tata group was on Tuesday declared India's most valuable brand with a value of $21.1 billion, while US-based technology giant Apple has retained its top position globally with about $105 billion. According to a list released on Tuesday of world's 500 most valued brand, Brand Finance Global...
  • IBM to lay off 15,000 employees worldwide, to start from Bangalore 15-02-2014 07:14 AM

    New Delhi: Technology giant IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region. "The estimate of jobs cut globally is 15,000," International Coordinator at the Alliance@IBM (official IBM employees union) Lee Conrad told PTI. Last...
  • Twitter buys 900 IBM patents; companies enter into a cross-license agreement 01-02-2014 11:51 AM

    New York: Twitter says it has bought 900 patents from IBM and that the companies have entered into a cross-license agreement. Financial terms weren't disclosed. Ben Lee, the short messaging service's legal director, says the deal provides Twitter with greater intellectual property protection and freedom to innovate. Twitter said in...
  • Lenovo buys part of IBM server business for $2.3 billion 23-01-2014 04:26 PM

    Beijing: China's Lenovo Group is buying part of IBM's server business for $2.3 billion, adding to a product line-up dominated by personal computers and smartphones. Lenovo said Thursday it expects to offer jobs to 7,500 IBM employees in locations around the world as part of its acquisition of IBM's x86...
  • Fujitsu looking to buy IBM's server business: Report 23-01-2014 10:04 AM

    Bangalore: Japan's Fujitsu Ltd is considering buying International Business Machines Corp's low-end server business, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Fujitsu and IBM could not be reached for comment. Recent reports have identified Lenovo Group Ltd and Dell Inc as potential buyers of...
  • Lenovo restarts talks to buy IBM server unit: Source 21-01-2014 11:06 AM

    New York: China's Lenovo Group Ltd has resumed talks to buy International Business Machines Corp's (IBM) low-end server unit, a source familiar with the matter said - a purchase that would bolster its efforts to diversify beyond a shrinking PC market. The two companies failed to reach a deal last...
  • IBM's Watson supercomputer gets its own $1 billion business 10-01-2014 06:01 PM

    New York: One of the most famous "Jeopardy!" champs of all time is moving to Manhattan. No, it's not Ken Jennings. IBM announced Thursday that it's investing more than $1 billion to give its Watson cloud computing system its own business division and a new home in New York City....
  • India asks IBM to pay $866 million in outstanding tax: Reports 03-11-2013 10:43 AM

    Mumbai: Indian tax authorities have asked IBM's Indian unit to pay 53.57 billion rupees ($866.20 million) in outstanding income tax on fiscal 2009 revenue, media reported on Saturday. In an emailed statement, an IBM India spokeswoman confirmed the company had received a tax notice, but declined to comment on the...
  • IBM asked to pay Rs 5357 crore outstanding income tax: Reports 03-11-2013 08:00 AM

    Mumbai: Indian tax authorities have asked IBM's local unit to pay Rs 5357 crore in outstanding income tax on fiscal 2009 revenue, media reported on Saturday. In an emailed statement, an IBM India spokeswoman confirmed the company had received a tax notice, but declined to comment on the amount of...
  • India lures chip makers, says IBM and STMicro interested 15-09-2013 11:03 AM

    New Delhi: Two consortiums, including IBM and STMicroelectronics, have proposed building semiconductor wafer plants in India costing a total of $8 billion, a minister said after the government approved concessions to lure chipmakers. India, which wants local production of chips to cut long-term import bills, has renewed a drive to...
  • IBM buys fraud protection software maker Trusteer 16-08-2013 11:12 AM

    New York: IBM is buying fraud protection software maker Trusteer, amid the growing threat of cyberattacks. The Armonk, New York, technology services company announced the acquisition Thursday, but didn't disclose how much it paid for Trusteer. In connection with the deal, IBM said it's forming a new software lab in...
  • IBM buying cloud computing company SoftLayer 05-06-2013 10:49 AM

    Armonk: IBM is buying cloud computing company SoftLayer Technologies Inc. to expand its online software business. Financial terms were not disclosed Tuesday. SoftLayer is a privately held company based in Dallas with 13 data centers in the US, Asia and Europe. Software stored and accessed on the Internet is increasingly...
  • IBM Simon: The first smartphone 29-04-2013 03:20 PM

    Unveiled in November 1992, Simon was the first PDA (Personal Digital Assistant) device to utilise cellular technology. Simon was introduced in 1994 by BellSouth Cellular and was designed and built by IBM. At a cost of $900, the Simon was a combination cellular phone/PDA that included an x86-compatible CPU, a fax modem, a PCMCIA Type II PC Card slot, 11 buil t-in programs, and a 4 1/2- by 1 1/2-inch touch-sensitive LCD screen.Simon measu res 8 x 2.5 x1.5 inches and has been described as a hip G.I. Joe Walkie Talkie.
  • Yahoo Chairman Fred Amoroso resigns 26-04-2013 04:26 AM

    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...
  • IBM to buy DemandTec for about $440 million 10-12-2011 10:59 AM

    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...
  • Infosys says seeks acquisitions up to $ 700 mn 27-10-2011 11:25 AM

    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...
  • In naming female CEO, IBM passes gender milestone 26-10-2011 12:48 PM

    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...
  • IBM putting Watson to work in health insurance 13-09-2011 02:40 PM

    New York: Enough with the fun and games. Watson is going to work. IBM's supercomputer system, best known for trouncing the world's best "Jeopardy!" players on TV, is being tapped by one of the nation's largest health insurers to help diagnose medical problems and authorise treatments. WellPoint Inc., which has...
  • IBM to develop 1000 times faster computers 10-09-2011 09:42 AM

    London: Get ready for the next-generation computers and smartphones that are up to 1,000 times faster than the systems you use today. Computer maker IBM is developing 'skyscraper' computers using huge sandwiches of silicon chips by sticking layer after layer of chips covered with tiny components together. The process, for...
  • IBM to buy Algorithmics for $387 million 01-09-2011 04:30 PM

    Bangalore: US IT company IBM is buying Toronto-based risk analytics software firm Algorithmics for $387 million in cash to enhance its financial services capabilities. IBM said the deal, expected to close before the end of October, expands its business analytics capabilities by helping clients manage financial risk. Algorithmics' risk analytics...
  • IBM pursues chips that behave like brains 18-08-2011 12:47 PM

    San Francisco: Computers, like humans, can learn. But when Google tries to fill in your search box based only on a few keystrokes, or your iPhone predicts words as you type a text message, it's only a narrow mimicry of what the human brain is capable. The challenge in training...
  • Google buys more than 1,000 IBM patents 30-07-2011 12:29 PM

    New York: Google, which last month failed to grab a huge portfolio of Nortel patents, has bought more than 1,000 patents from IBM. The new purchase boosts Google's intellectual property portfolio which currently has just 700 patents. The loss of Nortel patents was a big blow to Google as the...
  • Microsoft Windows sales dip, shares fall 22-07-2011 03:29 AM

    Seattle: Microsoft Corp smashed Wall Street's earnings estimates once more, helped by strong sales of its Office software and Xbox game console, but its shares fell on concerns about soft PC sales reducing demand for its flagship Windows product. The world's largest software maker follows Google Inc, Apple Inc and...
  • 100 years of IBM, the technology pioneer 16-06-2011 12:55 PM

    Endicott: Google, Apple and Facebook get all the attention. But the forgettable everyday tasks of technology - saving a file on your laptop, swiping your ATM card to get 40 bucks, scanning a gallon of milk at the checkout line - that's all IBM. International Business Machines turns 100 on...