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Key Developments: International Business Machines Corp (IBM.N)

IBM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Western Digital And International Business Machines Corp announce Patent Acquisition And Cross-License Agreements
Monday, 25 Jan 2016 08:00am EST 

International Business Machines Corp:Western Digital has acquired more than 100 patent assets from IBM.Parties also entered into a patent cross-license agreement.Terms of the transaction were not disclosed.  Full Article

International Business Machines Corp acquires Ustream Inc
Thursday, 21 Jan 2016 10:30am EST 

International Business Machines Corp:Announced it has acquired Ustream, Inc., a provider of cloud-based live video streaming services.Financial terms were not disclosed.Unit will be led by General Manager, Braxton Jarratt.Ustream joins the newly-formed IBM Cloud Video Services unit.  Full Article

International Business Machines Corp acquired Clearleap Inc
Tuesday, 8 Dec 2015 09:30am EST 

International Business Machines Corp:Acquires clearleap to advance cloud video services.Financial details were not disclosed.Says clearleap will be integrated into the IBM cloud platform.Says has acquired clearleap, inc., a provider of cloud based video services, to boost its cloud computing initiatives.  Full Article

International Business Machines Corp - Union says IBM Germany considering up to 3,000 layoffs -report - Reuters
Thursday, 19 Nov 2015 05:31pm EST 

International Business Machines Corp:IBM is considering laying off up to 3,000 German employees, or 18 percent of its staff in the country over the next two years, business magazine Wirschafts Woche reported on Thursday, quoting a union leader on the company's supervisory board - RTRS.An IBM spokesman declined to comment on what he said were “rumours and speculation”. - RTRS.Verdi service union believes 2,500 of the potential layoffs were relatively fixed in the company's plans, with 500 more possible if business conditions deteriorate, the magazine quoted Bert Stach, the union leader responsible for Verdi at IBM - RTRS.Wirtschafts Woche said 1,000 to 1,200 jobs are expected to be lost in the consulting and services divisions of IBM. Whether the job cuts would involve voluntary redundancies or lead to compulsory redundancies remains an open question, it said - RTRS.  Full Article

International Business Machines Corp and Xilinx announce strategic collaboration to accelerate data center
Monday, 16 Nov 2015 01:31am EST 

International Business Machines Corp and Xilinx:Says multi-year strategic collaboration to enable higher performance and energy-efficient data center applications through Xilinx FPGA-enabled workload acceleration on IBM POWER-based systems.IBM and Xilinx, through a private signed agreement and collaboration through the OpenPOWER Foundation, are teaming.Teaming to develop open acceleration infrastructures, software and middleware to address emerging applications such as machine learning, network functions virtualization (NFV), genomics, high performance computing (HPC) and big data analytics.  Full Article

International Business Machines Corp closes acquisition of Meteorix
Tuesday, 10 Nov 2015 08:00am EST 

International Business Machines Corp:Completed the acquisition of Meteorix LLC.Financial terms were not disclosed.  Full Article

International Business Machines Corp acquires Gravitant Inc
Tuesday, 3 Nov 2015 09:00am EST 

International Business Machines Corp:Has acquired Gravitant Inc.Financial details of the deal were not disclosed.  Full Article

International Business Machines Corp says SEC investigating company's books, shares fall - Reuters
Tuesday, 27 Oct 2015 06:39pm EDT 

International Business Machines Corp:The U.S. Securities and Exchange Commission is investigating how the International Business Machines Corp recognized revenue for certain deals in the United States, Britain and Ireland, IBM said on Tuesday, news that sent its shares down 4% - RTRS.IBM, the world's largest technology services company, said it learned of the investigation in August and was cooperating with the SEC, but did not disclose what deals were being probed - RTRS.An IBM spokesman told Reuters the company had a "rigorous and disciplined process" for its reporting of revenue - RTRS.Shares of IBM fell as much as 4.4 percent to a five-year low of $137.33 and closed down 4 percent - RTRS.News of the SEC probe came a week after the company posted lackluster quarterly results and cut its 2015 profit forecast - RTRS."It couldn't come at a worse possible time because now the stock is at another 52-week low as a result of this," said Belpointe analyst David Nelson - RTRS.He said, however, that the probe "doesn't look like a massive smoking gun." - RTRS.Earlier this month, the SEC called financial reporting "a key enforcement priority" as it announced a series of enforcement actions for violations of federal securities laws - RTRS.  Full Article

International Business Machines Corp approves quarterly cash dividend and authorizes $4 bln for stock repurchase
Tuesday, 27 Oct 2015 11:38am EDT 

International Business Machines Corp:Board approves quarterly cash dividend; authorizes $4 billion for stock repurchase.Sets regular quarterly cash dividend of $1.30 per share.Says stock repurchase is in addition to about $2.4 bln remaining at the end of Sept. from a prior authorization.  Full Article

International Business Machines Corp lowers FY 2015 EPS guidance
Monday, 19 Oct 2015 04:04pm EDT 

International Business Machines Corp:Expects FY 2015 GAAP diluted earnings per share of $13.25 to $14.25, and operating (non-GAAP) diluted earnings per share of $14.75 to $15.75.FY 2015 EPS of $15.68 - Thomson Reuters I/B/E/S.  Full Article

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Warren Buffett says more likely to buy IBM shares than sell: CNBC

NEW YORK Warren Buffett, chairman and chief executive of conglomerate Berkshire Hathaway, said Monday he would be more likely to buy than sell IBM shares over the next two years, and that he did not seek to profit from global central bank actions.

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