March 1, 2007 |
IBM Corp. has reached a deal with Google Inc. to bring the consumer Internet into the office by piping YouTube and thousands of other Web programs into IBM software used by millions of office workers. The pact brings together Mountain View, Calif.-based Google, one of the world's most popular consumer Web technology companies, and Armonk, N.Y.-based IBM, the biggest supplier of employee portal software that big businesses use to offer a kind of personalized home page for office workers.
February 19, 2007 |
A man who was fired by IBM Corp. for visiting an adult chat room at work is suing the company for $5 million, claiming that he is an Internet addict who deserves treatment and sympathy rather than dismissal. James Pacenza, 58, of Montgomery, N.Y., said he visited chat rooms to treat traumatic stress incurred in 1969 when he saw his best friend killed during an Army patrol in Vietnam.
February 15, 2007 |
IBM Corp. has devised a way to triple the amount of memory stored on microchips and double the performance of processors by replacing a problematic type of memory with one that uses less space on a slice of silicon. The company said Wednesday that its new memory technology would help unclog crippling bottlenecks that built up as increasingly powerful microprocessors attempted to retrieve data from a separate memory chip faster than it could be delivered.
January 28, 2007 |
Hafnium Valley doesn't have the same ring to it, but it turns out Silicon Valley's biggest hope for maintaining the dizzying pace of computing advancement isn't silicon. Two chip-making giants will use another substance, a metal called hafnium, to replace silicon in one key part of the semiconductor, each company said Saturday. The competing breakthroughs from Intel Corp. and IBM Corp.
January 26, 2007 |
IBM Corp. is spinning off its printing division into a new company that Japan's Ricoh Co. will control. The move is part of IBM's continuing efforts to pare sideline businesses and focus on more profitable segments of the technology industry. Ricoh will pay Armonk, N.Y.-based IBM $725 million in cash upfront and an unspecified amount later. Ricoh initially will own 51% of the new company, InfoPrint Solutions Co., and will take full ownership within three years.
January 19, 2007 |
IBM Corp.'s fourth-quarter profit rose 11% and beat Wall Street expectations Thursday, and IBM also delivered a blockbuster figure in services contract signings, an important measure of future revenue. In the last three months of 2006, IBM earned $3.54 billion, $2.31 a share, on revenue of $26.3 billion. The numbers were boosted 6 cents a share by a lower tax rate and 5 cents a share from gains related to discontinued operations.
January 17, 2007 |
The Supreme Court on Tuesday refused to consider an appeal brought by a group of IBM Corp. employees who accused the company of age discrimination when it altered its pension plan. The lawsuit could have cost the company $1.4 billion. Kathi Cooper, a former IBM employee, served as the lead plaintiff in a class-action suit brought on behalf of 250,000 current and former IBM workers.
December 21, 2006 |
IBM Corp. is cutting off stock option grants to its directors but doubling their cash pay, calling the move an improvement in its governance practices. The decision, disclosed in a Securities and Exchange Commission filing Wednesday, takes effect Jan. 1. Directors who were not IBM executives had been getting options for 4,000 shares plus a $100,000 retainer -- at least 60% of which had to be used to buy IBM stock on the open market.
December 8, 2006 |
Russia's Interior Ministry accused executives of IBM Corp. on Thursday of stealing money from the country's $57-billion pension fund. IBM local executives conspired with others from the pension fund and two software companies to rig auctions and embezzle some of the 1 billion rubles, or $38 million, allocated to the fund for new computers, the ministry said on its website. It didn't identify the executives or say how much was stolen.