Biggish Blue hopes to get on side with Donald “Prince of Orange” Trump by pledging to hire 25,000 workers in the US.
IBM Chief Executive Ginni Rometty make the pledge as she and other technology executives prepared to meet with U.S. President-elect Donald Trump today.
Writing in USA Today, Rometty said that IBM had thousands of open positions and wanted to hire about 25,000 professionals in the next four years in the United States.
However Biggish Blue has not indicated how that hiring might be offset by staff reductions or disclose how many people IBM employs in the United States.
In fact, the company has made it clear that it will end 2016 with “Our US.workforce about the same size as it was at the beginning of the year. By 2020, we expect it to be larger than it is today,” Pratt said.
Biggish Blue had 378,000 employees at the end of 2015, according to the company’s annual report so 25,000 might not be the great increase that the pro-Trump press has been trumping.
Still it must be some sort of improvement. IBM has reported that the active number of participants in its 401(k)-pension plan fell to 84,350 last year from 110,876 in 2010.
However, Rometty is a big fan of Trump. She is one of more than a dozen US executives serving on an advisory council that Trump has formed to consult him on job creation.
In its results announcement , IBM gave a full-year profit target many analysts sets the bar too high and will result in the outfit ending up on its back while the bar sails throw the air.
Analysts who are a big fan of bars generally think that Big Blue has made solid progress as it shifts into high-growth areas such as cloud-based services, and both profit and revenue beat analysts’ expectations in the second quarter.
But the company may have over-egged the pudding by sticking to its full-year adjusted earnings forecast of at least $13.50 per share, analysts said, especially after it indicated that profit in the current quarter would come in below estimates.
To meet the target, IBM would need to turn in its best sequential improvement in profit in nine years in the fourth quarter
Bernstein analyst Toni Sacconaghi said that it was possible, but unlikely.
IBM, which reported a profit of $14.92 per share from continuing operations last year, has missed its full-year target for the last two years.
The company’s shares were down slightly at $159.53 in early afternoon trading on Tuesday, having risen about 16 percent since the start of the year.
Chief Financial Officer Martin Schroeter indicated IBM would report a third-quarter profit of $3.11 to $3.24 per share.
That means IBM will need to report a profit of between $4.96 and $5.09 per share in the fourth quarter to hit its target.
Analysts on average expect earnings of $3.22 per share for the third quarter and $4.96 in the fourth.
Investors and analysts have raised doubts about IBM’s ability to increase revenue growth in its newer cloud-based and analytics businesses at a pace fast enough to make up for falling revenue in its traditional hardware businesses.
Still, at least eight brokerages raised their price targets on IBM’s stock after the company reported its smallest revenue decline in eight quarters.
IBM has pulled one of its marketing campaigns after it was dogged by sexism claims.
Big Blue introduced the promotion a couple of months ago which was supposed to attract more women to science and technology by encouraging them to “hack a hair dryer”.
IBM’s campaign basically said: “Girls don’t like science? Women can’t code? Only men wear lab coats? It’s hair-raising misperceptions like these that keep bright minds out of research labs, scrum…”
What could possibly be wrong with that? It seems that someone got a little cross over the campaign on the worldwide wibble.
Now IBM has pulled the plug on its #HackAHairDryer initiative after a multitude of women complained that it fed off sexist stereotypes. Apparently women in technology are not interested in worrying their pretty little faces hacking hair-driers, they are more interested in doing more important things like building robots.
In other words the same minds that gave us these advertising campaigns are the same ones who think women are more interested in shopping and make-up than science – part of the problem not the solution.
Tech giant IBM said that it has introduced cloud technology that secures enterprise data.
Cloud Security Enforcer combines cloud identity management – which it dubs identity as a service – that helps enterprises uncover outside apps accessed by employees, including on mobile devices.
IBM said that employees using apps are exposing enterprises to potentially dangerous security exposure.
It said a third of employees at Fortune 1,000 firms share and upload corporate data on third party cloud apps.
Risky things include people signing in with personal email addresses.
IBM claims that 40 percent of mobile apps aren’t secure before they’re made available to the public.
Big Blue said it has built this security feature into software including Box, Office 365, Google Apps, and salesforce.com.
IBM claimed that the product uses “deep threat analytics” from its global intelligence network, IBM X-Force, which monitors the internet and analyses over 20 billion global security events daily.
IBM is branching into the health business with its Watson technology and has hired the CEO of Philips Healthcare to set up its Watson Health Cloud.
Deborah DiSanzo will run the business for Big Blue and has been given the task of expanding the business globally and look after a number of customers and partners including Johnson & Johnson, Apple, Medtronic, Epic and CVS Health.
IBM said it has expanded its portfolio with Watson Health Cloud for Life Sciences Compliance and Watson Care Manager.
The first of these is aimed biomedical companies to bring medical inventions to market more efficiently using a Cloud compliant infrastructure and applications.
Watson Care Manager integrates capabilities from Watson Health, Apple’s Healthkit and ResearchKit letting researchers use iPhones for a range of purposes.
IBM claimed that Watson has made significant inroads into the market since its introduction five months ago.
IBM has long been touting its Watson technology ever since it managed to use machine abilities to beat a chess grandmaster back in the 1990s. But now it has emerged that Big Blue is more like Sherlock Holmes (pictured, right) than his Baker Street amanuensis, Dr Watson (pictured, left).
The company said it has put IBM i2 Coplink on the cloud, and that will liberate over a billion law enforcement shareable documents to the cloud.
It said the move will let “law enforcement agencies” access a huge network of shareable documents.
Putting Coplink on the cloud means that analytics can be applied to huge quantities of data to help cops use fuzzy logic to correlate information.
IBM said that for the last 20 years it’s helped over 6,000 policing agencies in North America to feel the collar of criminals.
The data being on the cloud means that the cops can use desktops, computers in cars, or tablets and smartphones to access the data.
Police in the USA are being hit by “shrinking budgets”, said IBM.
Another day, another IBM press release, and another cloud announcement hits the wires.
Big Blue said it has teamed up with the Dutch Portico Consultancy to deliver cloud services and to help companies build, test and deploy applications.
The idea of the partnership is that by providing IBM’s “Digital Experience on Cloud” together with Portico cloud software, chief marketeers, chief information officers and chief HR officers can easily pilot, configure and introduce new applications.
The problem is that the cloud software has to work with companies’ existing IT infrastructures without the chief executives having to worry their heads about installation, configuration and maintenance.
No doubt this comes at a price.
The IBM “Digital Experience on Cloud” is a managed service running on SoftLayer, the big idea being that rich content can be created over multiple channels.
Financial details on the deal were not revealed by either Portico or IBM. But IBM has snapped up a number of cloud companies in the recent past.
Big Blue has moved further into the cloud space by buying a managed private cloud provider called Blue Box.
Blue Box is a privately owned company from Seattle that specialises in cloud as a service based on OpenStack. Because it’s a private company, financial details need not be provided.
IBM said the reason it bought Blue Box because it will help it support customers with their applications and on premises systems into an OpenStack managed cloud.
The big idea is that the acquisition will help IBM deliver a public cloud experience within its customers’ own data centre.
The CEO of Blue Box, Jesse Proudman, said the conjunction of the two companies is the beginning of new OpenStack options from IBM. “Now is the time to arm customers with more efficient development, delivery and lower cost solutions than they’ve seen thus far.”
IBM said its cloud revenue amount to $7.7 billion at the end of March 2015.
While it might have got to the top on the back of its Big Blue purchases. Chinese outfit Lenovo is fed up with its dull image.
It brought out dance club music, a Chinese movie actress, and a retired NBA player at a company event that hailed Lenovo’s new logo and said that users need something a little cooler.
CEO Yang Yuanqing told the Beijing event that Lenovo devices need to be more capable, fashionable, and they need to have personality.
This is a little shocking when you consider that the Thinkpad image is legendary for belonging to faceless business clones filling out Excel spreadsheets on the 7.30am train to Paddington. In fact the company buyers actually invested in Lenovo gear precisely for that faceless, but reliable quality.
Lenovo wants to hang around with the cool kids and it is going to target consumers. It has hired Hollywood actor Ashton Kutcher as a product engineer after all he played Steve Jobs in a movie so knows exactly how to draw a rounded rectangle.
It has unveiled a redesigned logo that’s colourful and has lettering more suitable for Internet marketing. It is apparently designed so partners can change the background.
David Roman, Lenovo’s chief marketing officer, said the world has changed. Now consumers drive the market, and buy tech products that they then bring to work. This influences which IT brands companies end up buying.
On Thursday, Lenovo held a major event in Beijing, called Tech World, to usher in a new age for the company. It invited journalists from across the globe, and showed off concept product innovations, including a dual-screen smartwatch, and a smartphone fitted with a projector.
International Business Machines (IBM) said it has introduced a wider range of OpenStack services for its customers.
OpenStack services are aimed at clients and developers for building secure and scaleable business applications in public clouds.
One of the things its customers can do, it claims, is to launch applications on their own servers in house and move them to public clouds using SoftLayer without changing either the code or configurations.
Big Blue said that there is a high level of complexity in businesses because hundreds of clouds are being created without the ability to integrate applications and to retrieve data from multiple locations, including old fashioned data centres.
The wonderfully named Dr Angel Diaz, IBM VP of cloud architecture, said that his company believes an open cloud architecture gives “significant cost savings”.
Big Blue said that it has fixed 520 bugs in 232,382 lines of code and had hundreds of developers take part in 11,676 code reviews.
IBM said its cloud revenues grew over 60 percent in the first quarter of this year.