IBM has announced it will buy Red Hat, the world’s biggest Linux company, for $34-billion. That’s more than a quarter of IBM’s market capitalisation, and comes as the legacy computer giant tries to play catch-up in cloud computing.
Browsing: Ginni Rometty
IBM shares dropped the most in four years on Wednesday after the company missed analysts’ quarterly revenue estimates, ending a short-lived streak of sales gains and casting doubt on its strategy.
IBM is pressing deeper into its strategy of making cloud services more compatible with competitors, rather than trying to force customers into its own walled garden.
IBM’s one-quarter growth streak is already in doubt. Shares of the technology company fell in early trading after it reported narrower profit margins and no revenue growth, excluding help from a weak US
After more than five years of declining sales, IBM says it will finally show investors it can grow again. Wall Street cheered, sending the shares up the most in more than eight years. Some of that sales boost will come from one of
IBM’s compensation plan for top executives drew record shareholder opposition after the board boosted CEOGinni Rometty’s pay package more than 60% last year. About 46% of the votes cast at the 25 April annual meeting in
When IBM shareholders gather on Tuesday, they’ll be asked to sign off on a $33m pay package for CEO Ginni Rometty. It’s a hefty sum for any CEO, let alone one who’s overseen five years of
Tech executives summoned to meet with Donald Trump in New York Wednesday had reason to suspect they were being lured into a trap. In the run-up to the election, the President-elect clashed with industry
President-elect Donald Trump invited technology leaders to a discussion next week in New York where Silicon Valley will begin building relationships with an incoming administration it initially distrusted and mostly criticised. Oracle co-CEO
As is customary at this time of the year, TechCentral is pleased to present its lists of who it considers are the biggest technology newsmakers over the past 12 months, both internationally and in South Africa. We kick it off, as always