IBM Reassures Workers After Milestone Deal
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IBM will sell its once vaunted personal computer business to Lenovo Group Ltd., the leading computer maker in China.-The Washington Post
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IBM has signed a 7-year, &#36;969 million contract with British bank Lloyds TSB to supply it with Internet telephony and data services, The U.S.-based computer giant said on Monday.
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(InfoWorld) - Lenovo Group has signed a five-year deal with IBMÂ to provide services and support to its customers. The deal, outlined in a filing with the Hong Kong stock exchange Tuesday, could be worth up to $245 million for IBM over the term of the contract. Lenovo plans to expand the services it offers customers with the addition of "fee-based technical support, installation, deployment and other PC-related services," the filing said. Lenovo did not reveal when the new services will be introduced, but they are likely to come soon: the company expects to make payments to IBM under this deal during its current financial year, which ends next month. In an e-mail statement, Lenovo spokeswoman Angela Lee declined to offer details of the new services, but said "many" of them are intended for consumers and small-business users -- markets that Lenovo is keen to crack outside China, and particularly in the U.S. After considering several service providers, Lenovo chose to outsource these functions to IBM, which is one of the company's largest investors, because the company has an established worldwide services organization and an existing business relationship with Lenovo. Lenovo expects the deal to generate payments to IBM of $15 million during its current 2006-2007 fiscal year, which ends March 31.That amount is expected to rise to $35 million during the company's next fiscal year, 2007-2008, and $45 million during 2008-2009. These payments may increase further to $50 million annually during the 2009-2010, 2010-2011, and 2011-2012 fiscal years, Lenovo said in the filing.
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LONDON -- IBM has signed a 7-year Â£500 million deal with Lloyds TSB to enhance the Bank&#39;s voice and data services in support of next-generation business solutions.
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IBM on Wednesday said it has settled portions of an ongoing lawsuit related to its pension plan and said the potential liability for the other claims that remain on appeal is capped at $1.
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When one vendor acquires another, does a long-term partnership beforehand help out with systems integration? In the case of IBM's buyout of Cognos, the answer is a big "yes," IBM officials said today.
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Unions representing check-in staff and baggage handlers at BA welcome a pay deal which averted a strike.
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IBMÂ has secured a business-consulting contract with U.K. insurance company Norwich Union that includes some work reconfiguring computer systems but focuses primarily on areas outside of technology, IBM said Thursday.
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US computer giant IBM agrees a $320m deal with older staff, who had argued that changes to its pension scheme left them worse off.
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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 said Monday that it won a Â£500 million (AUD$1.25 billion), seven-year services contract to help move UK bank Lloyds TBS from its traditional voice infrastructure to a converged voice and data network.
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IBM planned to announce yesterday that it will invest US$250 million over the next five years and employ 1,000 people in a new business unit to support products and services related to sensor networks.
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IBM said Wednesday that it has sewn up outsourcing deals with two Danish companies valued at more than $1 billion over 10 years, reinforcing its strength in Europe.
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IBM (NYSE: IBM) today announced that it has reached an agreement with  the U.S.
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The company was pretty sure Apple wouldn't usurp its Windows-on-Mac approach, but workers were relieved Steve Jobs reiterated that.
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IBM has signed a seven-year, &#36;969.2 million contract with British bank Lloyds TSB to supply it with Internet telephony and data services, IBM said on Monday.
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International Business Machines Corp.  IBM.N has settled for an undisclosed sum part of a  potentially multi-billion-dollar lawsuit over its pension plan,  a Wednesday court filing shows.