IBM Shrugs Off Loss of a Service Contract It Once Flaunted
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ack in December 2002, when J .P. Morgan Chase announced the seven-year, $5 billion deal to outsource much of its data processing to IBM, both companies bragged that the contract, the
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IBM announced Monday that it has won a 10-year contract from Honeywell International Inc. worth several hundred million dollars. The agreement between IBM&#39;s Engineering &amp; Technology Services unit and Honeywell&#39;s
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IBM's personal computer business racked up $965 million in losses between Jan. 1, 2001, and June 30, 2004, the company said last week in a filing to the U.S. Securities and Exchange Commission, detailing the planned sale of the business to China's Lenovo Group.
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The federal judge hearing the SCO Group's suit against IBM (NYSE: IBM) has denied IBM's motion for a partial summary judgment. If granted, the declaration likely would have ended the courtroom wrangle.
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Missing out on a major contract is painful, but not fatal.
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JP Morgan Chase is cancelling a $5bn IT outsourcing deal with IBM and bringing the service back in-house. IBM will hand over the running of the investment bank&#39;s data centres, help desks, distributed computing, data and voice networks from January 2005.
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Suit also alleges that PSI, a maker of servers that run IBM's mainframe software, has broken a customer agreement.
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Software giant has clamped down, although experts say there's still room for improvement.
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Software maker Compuware has charged IBM with keeping back key evidence in a long-running legal battle over copyright and anticompetitive practices.
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After agreeing to sell its PC division to China's Lenovo Group, IBM now faces the task of keeping its corporate and government customers from abandoning its standard-setting brand.
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IBM&#39;s personal computer business, which it is selling to Lenovo Group of China, has lost money for the past 3 1/2 years. International Business Machines Corp.
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If the competition between IBM Corp. and Hewlett-Packard Co. in the computer storage business were a horse race, you&#39;d need a photo to determine how they finished the first quarter. But it would only be for the second place ribbon.
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IBM&#39;s new four-year storage strategy, laid out last week, came with a few surprises. First, the talk was all about gee-whiz hardware and lower costs, not related services.
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An SEC filing by Cognos reveals that the BI vendor approached IBM about a possible buyout first -- not the other way around.
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Business software maker's backing of event comes as company faces continued scrutiny over its security practices.
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Platform Solutions denies IBM claims and argues Big Blue abused a monopoly power with the high-end server line.
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NEW YORK - IBM Corp. lost one of its highest-profile outsourced-IT clients on Wednesday, as JPMorgan Chase & Co. said it is canceling the remaining portion of a contract that was intended as a seven-year, $5 billion deal.