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

IBM.N on New York Stock Exchange

4 May 2015
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Latest Key Developments (Source: Significant Developments)

National Health Service in England and Wales selects International Business Machines Corp to enhance electronic staff record system
Thursday, 26 Mar 2015 01:35pm EDT 

International Business Machines Corp:Says contract with department of health in England to manage and continue transforming the national health service electronic staff record system.Says it will help modernise the system by providing increased mobile access and new self-service capabilities making the system more efficient and accessible.  Full Article

Russia's Investment Bank BCS Financial Group selects International Business Machines Corp (IBM) Commerce to bring new experiences to clients
Wednesday, 25 Mar 2015 10:00am EDT 

International Business Machines Corp:Says that Russian investment banking firm BCS Financial Group has selected IBM Commerce to quickly and effectively conduct and execute personalized marketing campaigns for their banking clients.BCS Financial Group, in collaboration with IBM Business Partner GlowByte Consulting, selected IBM Commerce to help plan, execute and measure highly targeted marketing campaigns that leverage analytics to pinpoint valuable customer insights.Says these insights can include whether the customer banks online or with a mobile device, or whether a company is looking to make an investment to grow its business.  Full Article

Adobe Systems Inc and International Business Machines Corp announce global partnership
Tuesday, 10 Mar 2015 01:45am EDT 

Adobe Systems Inc and International Business Machines Corp:Announced IBM Interactive Experience will build specialized enterprise consulting capabilities for Adobe Marketing Cloud.Combining capabilities of Adobe Marketing Cloud with design, digital and technology expertise of IBM Interactive Experience, enterprises can comprehensively integrate all touch points of a consumer's journey.  Full Article

International Business Machines Corp shareholder sues company, alleging it overvalued chip unit - Reuters
Monday, 2 Mar 2015 05:38pm EST 

International Business Machines Corp:Was sued on March 2 by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 bln to take that unit off its hands - Reuters.The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to GlobalFoundries Inc, and take a related $4.7 bln pre-tax charge.IBM also announced third-quarter results that day.Its share price fell 9 pct over the next two trading days, wiping out more than $18 bln of market value.According to the complaint, IBM inflated its stock price before selling the semiconductor unit by carrying the unit's property, plant and equipment assets on its books at $2.4 bln, when it should have known the assets were worthless.The complaint said potential bidders had been unwilling to pay much more than $1 bln for the entire unit, including intellectual property and personnel, suggesting that the hard assets had no or negative market value.The lawsuit by the City of Sterling Heights Police & Fire Retirement System in Michigan also named three IBM officials as defendants, including Chief Executive Virginia Rometty.It seeks class-action status on behalf of shareholders from April 17 to Oct. 17, 2014.Defendants presented a misleading picture of IBM's business and prospects,' the complaint said.  Full Article

International Business Machines Corp and Juniper Networks partner to build smarter networks with predictive analytics
Tuesday, 24 Feb 2015 05:22pm EST 

International Business Machines Corp and Juniper Networks:Plans to provide real-time network behavior insights to help customers dramatically improve mobile experiences, address increasing Internet of Things (IoT) application demands and uncover new opportunities gleaned from Big Data.IBM and Juniper Networks will work together to enable the design and delivery of next generation high-performance network analytics.To help communications service providers (CSP) and enterprises become more agile and efficient, reducing time to deployment and cost, while enhancing end user application experiences.With close to half the people on the planet connected to the Internet, consumers today are demanding always-on innovative cloud services and applications that are accessible across any device.As enterprises and CSPs adapt to these new business demands, the customer's experience is critical to the success of their business and the connected world.  Full Article

International Business Machines Corp and Tech Mahindra join hands to accelerate global hybrid cloud adoption
Tuesday, 24 Feb 2015 01:56am EST 

International Business Machines Corp:Signed a teaming agreement with Tech Mahindra to build a platform for development of could-based apps for clients.IBM to provide an open, flexible could environment to enable Tech Mahindra's developers to build cloud-native and cloud enabled applications with scalable model.Tech Mahindra to train 5,000 developers on bluemix which is IBM's digital innovation platform.  Full Article

New Atlanta Stadium to showcase next generation fan experience with International Business Machines Corp Technology
Thursday, 19 Feb 2015 07:00am EST 

International Business Machines Corp:IBM and AMB Sports & Entertainment announced strategic partnership to develop a game-changing fan experience at the state-of-the-art new Atlanta stadium set to open in 2017.This will enable AMBSE to provide highly advanced, interactive technologies for sporting events including Atlanta Falcons and League Soccer Atlanta games as well as concerts and other marquee events.  Full Article

International Business Machines Corp files patent infringement lawsuit against Priceline Group
Tuesday, 10 Feb 2015 12:55pm EST 

International Business Machines Corp:Files patent infringement lawsuit against Priceline for damages for past infringement and for a reasonable royalty going forward.Says lawsuit comes after more than three years of attempts by IBM to resolve its concerns with Priceline over infringement of IBM's patents.Files lawsuit in the U.S. District Court of Delaware against The Priceline Group and subsidiaries that own and operate, and for infringement of IBM intellectual property.Says in addition to past damages, IBM will ask the court to impose a royalty for the continued use of its patented technology or, alternatively, for an injunction.  Full Article

International Business Machines Corp, SoftBank Alliance to Bring Watson to All of Japan
Tuesday, 10 Feb 2015 07:20am EST 

International Business Machines Corp:IBM and SoftBank Telecom Corp., (SoftBank ) a wholly owned subsidiary of SoftBank Corp announced a landmark global alliance to bring Watson to Japan, one of the world's largest economies and technology markets.The alliance, which involves training Watson to understand Japanese, represents a major milestone in IBM's efforts to accelerate the adoption of cognitive computing and a powerful example of how SoftBank is transforming Japanese businesses and society.The goal of the collaboration is for SoftBank and IBM to bring new apps and services powered by Watson to market in the region, by establishing a broad local ecosystem of partners, entrepreneurs, and app developers who will apply Watson in new and innovative ways.  Full Article

Shop Direct extends partnership with International Business Machines Corp
Monday, 9 Feb 2015 09:00am EST 

International Business Machines Corp:Has signed 10-year, large-scale services agreement with Shop Direct.To move multi-brand digital retailer to hybrid cloud model to increase flexibility and quickly respond to changes in demand as it grows.IBM's cloud will underpin delivery of suite of analytics, mobile, social and security offerings that will enable Shop Direct to improve its customers' online shopping experience while empowering its workforce to collaborate more easily and improve productivity.  Full Article


Buffett defends core holdings like IBM, Coca-Cola, in interview

NEW YORK - Billionaire investor Warren Buffett defended some of his core holdings in a televised interview on Monday, but reiterated that equities in general would look expensive in an environment with normal interest rates. | Video

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