Jpmorgan Chase and Ibm Announce Changes to Technology ...
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NEW YORK &amp; ARMONK, NY - (BUSINESS WIRE) â-ept. 15, 2004 â -organ Chase &amp; Co. (NYSE: JPM) and IBM today announced JPMorgan Chaseâs plans to reintegrate the previously outsourced portions of its technology
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IBM (NYSE: IBM) is upgrading its blade  server line, taking the wraps off six new products in addition to rolling out features designed to improve the performance of BladeCenter systems.
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(InfoWorld) - IBM is taking the first step toward a major overhaul of how it packages and sells global services. The vendor is due to begin rolling out the first two of what it terms "service products" worldwide on Tuesday. The standardized offerings are designed to be used by any IBM customer anywhere, a very different approach from the company's previous focus on providing customized, one-off services to individual users. "This will enable us to access the market in a new way," Laurence Guihard-Joly, vice president of IBM's newly formed Integrated Communications Services (ICS) unit, said. "Our strategy is to get to the next level in services, to be brand-driven in the way our systems technology and software already are." The first two services are Network Convergence Services Product and Internet Protocol (IP) Telephony Services Product. The network convergence bundle of services is aimed at customers keen to determine their readiness for adopting communications networks that combine support for data, voice, and video. The IP telephony offering is for users looking to work with IBM and its partners, including Cisco Systems, on designing, deploying, and managing IP telephony infrastructure. As part of the restructuring, IBM has taken what was the networking services piece of IBM Global Services (IGS) and turned it into a new business unit, ICS. Although IBM's services business is a huge operation, its growth rate has appeared somewhat stagnant over recent quarters. In the company's most recent financial results, IBM reported IGS revenue fell 0.9 percent to $11.9 billion compared with the year-ago quarter. IGS competes against Accenture, Capgemini, and Electronic Data SystemsÂ (EDS). "IBM is trying to invigorate its services business and propel it into growth faster than it has been," Bob Djurdjevic, president of Annex Research, said. He expects IBM's rivals will also adopt the service product approach in areas where they have specific expertise to draw upon. IBM begun the work on the new services strategy a year ago engaging in a "deep re-analysis of the market" including talking to its customers at all levels, Guihard-Joly said. By year end, IBM plans to release around 30 service products. They will be a mix of brand-new offerings and existing assets that have been "reassembled, updated, hardened and tested," Guihard-Joly said. The products will include network management services around the Netcool software IBM acquired when it bought Micromuse and radio frequency identification (RFID) services. Even with highly complex projects, Guihard-Joly believes about 80 percent of a customer's services needs could be met by IBM's new building block approach. The new ICS business unit has four main focuses for its services -- converged communications; networking strategy and optimization; mobility, wireless and RFID; and network integration and management services. IBM may create other business units within its evolving services operations. "The key challenge is going to be training their own staff to think in a new way," Djurdjevic said. Having a specific unit focused on a specific market might help employees move more quickly to the different way of doing business.
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IBM (Quote, Chart) announced its first major database refresh in almost two years with new features from the company&#39;s autonomic computing vault.
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IBM (NYSE: IBM) today announced that the company will work with the San Diego Supercomputer Center (SDSC) at the University of California, San Diego on a substantial upgrade to the center's technical capabilities.
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Big Blue, now No. 3 in this hot market, is launching a new product line that has the potential to shake up the industry. Over the past four years, IBM (IBM ) used its engineering chops to take the lead in the
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IBM's loss of its huge JPMorgan contract comes as outsourcing deals are getting smaller.
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SAN FRANCISCO -- IBM and PeopleSoft on Tuesday announced that PeopleSoft will standardize its applications on core IBM middleware products and that both companies will market the joint solutions.
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NEW YORK JPMorgan Chase, the second-largest US bank, has surprised Wall Street with a sharp drop in third-quarter earnings. The bank, which reported the result on Wednesday, attributed the weaker performance to poor results in fixed-income trading.
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J.P. Morgan Chase & Co. JPM.N, said  on Wednesday it was scrapping a $5 billion outsourcing deal  with IBM Corp.IBM.N, amid an overall plan to manage more of  its own technology services.
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IBM and the Army make plans to replace bureaucratic papers with electronic forms Also: Microsoft gives out free anti-spyware, for now & hellip;.  Pfizer's Celebrex fizzes your heart like Vioxx & hellip;. and more.
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IBM Corp. is introducing a range of new products and services, many based on technologies coming from recently acquired companies, aimed at helping businesses better manage and take advantage of their various software and hardware systems.
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JPMorgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
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GridWorld -- IBM (NYSE: IBM) today announced new software that allows clients to transform their existing technology infrastructures into dynamic, virtualized environments that can be more efficient to run, easier to manage and use less power and space.
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The inexorable march of outsourcing took an abrupt about face Wednesday, when JPMorgan Chase bank canceled its $5-billion outsourcing deal with IBM and said it would take back the 4,000 employees working at IBM on the bank&#39;s IT programs.
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J.P. Morgan Chase & Co. JPM.N said  on Wednesday it was canceling a $5 billion outsourcing deal  with IBM Corp., IBM.N and planned to rehire about 4,000  workers who had been transferred to IBM under the pact.
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Armonk-based IBM Corp. has lost a $5 billion contract to provide technology outsourcing services to JPMorgan Chase &amp; Co. New York-based JPMorgan plans to rehire 4,000 workers whose jobs