IBM-Led Group to Invest $2.5 Billion in Upstate N.Y.
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An IBM-led group will spend $2.5  billion to build an advanced semiconductor plant and perform  related research projects in upstate New York, the state's  governor, George Pataki, announced on Wednesday.
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Blog: IBM's Venture Capital Group is placing its own bets on clean tech in energy efficiency and water conservation.
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(InfoWorld) - IBMÂ is embarking on a five-year campaign to promote mainframe computers by making the systems easier to configure and operate, and to promote them as an alternative to server network computing. IBM is investing $100 million to enable information technology administrators to manage mainframes in enterprises and help programmers to more easily automate the process of developing and deploying software to run on mainframes, the company said Wednesday. "This is the first step in a five-year journey to make the mainframe easier to use," said Bob Hoey, worldwide vice president of sales for IBM's System z mainframes. Some large enterprises with networks of 30-50 servers are potential candidates for migration to an entry-level mainframe system, Hoey said, although enterprises with fewer than 30 servers may not be. Still, a lot of IT managers may be intimidated by the complexity of operating a mainframe even though it has advantages over server network architecture, he said. Among the features IBM will add to its mainframe capabilities: Automated configuration checking for system administrators to predict and avoid technical problems; improved software asset management; and a simplified user interface for network configuration and management designed with "existing IT staff and the new generation of IT workers in mind," IBM said. Making the mainframe more approachable to a new generation of programmers makes sense to Vernon Turner, an IDC analyst. "Kids today coming out of college who grew up enjoying a different look and feel when they are programming and when they are trying to get their systems up. At least this look and feel is something they are familiar with," Turner said of the user interface IBM is adding to its mainframe capabilities. A mainframe could be a more efficient use of computing power than a server network, said IBM's Hoey. Some Intel-powered servers may have utilization levels of as little as 5 percent to 15 percent and Unix-based servers just 15 percent to 25 percent, Hoey said, because some servers may be dedicated to running only one software application. But a mainframe that combines all of an enterprise's applications onto one computer can operate at 80 percent to 100 percent utilization. "From a return-on-assets perspective, a mainframe does a better job of managing workload," he said. Market research confirms mainframes remain a corporate staple. According to Gartner Inc., large mainframe users have been increasing their mainframe environments -- measured in MIPS (millions of instructions per second) -- steadily over the past four years. Most of these users will continue to increase their installed MIPS at a compound annual growth rate of 15 percent to 20 percent through 2009, Gartner estimates. IDC reports the mainframe continues to hold its ground against competing platforms. Support for new Linux and Java workloads, for instance, will help drive MIPS shipments up 14.2 percent in 2006 and 9.2 percent next year, the research firm reports. In the big picture, however, IDC expects mainframe spending to drop to 6.2 percent ($3.9 billion) of overall server spending in 2010, from 8.9 percent ($4.9 billion) in 2005.
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Advanced Micro  Devices Inc. , the No. 2 maker of microchips for  personal computers, said on Monday it will spend an additional  &#36;2.5 billion to upgrade and expand its two factories in  Germany.
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Two Israeli investment companies, said Sunday that they led a group that will buy the Lipstick Building in Manhattan for $648.5 million.
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Armonk, NY-based IBM Corp., which has 13,500 Triangle employees, has reported increases in revenue and net income for the third quarter of fiscal 2004.
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Bank of New York Co. Inc.  on  Monday announced plans to buy Mellon Financial Corp.   for about $16.5 billion, creating a powerhouse in securities  servicing and asset management.
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Cognos executives first approached IBM in the months leading up to&#160;IBM&#39;s pending $5 billion deal to buy the company, not the other way around, according to a document Cognos submitted Friday to the U.S. Securities and Exchange Commission.
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European regulators gave their approval to IBM's $5 billion acquisition of the business intelligence software vendor.
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IBM is looking to sell its  personal computer business in a deal that could be worth up to  $2 billion, The New York Times reported on Friday, capping a  gradual withdrawal from the business it pioneered.
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Mobile phone firm Bharti Enterprises, which aims to start a chain of retail stores in India with US-based Wal-Mart, said it will invest up to 2.5 billion dollars in the project by 2015.
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IBM (NYSE: IBM) today announced Thoma Cressey's recent investment of over one hundred million dollars in technology companies that serve users of IBM's "all-in-one" System i business computing platform.
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Steel tycoon Lakshmi N. Mittal announced plans to pay &#36;4.5 billion in cash and stock for U.S. steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. Ross Jr. from mills whose parents landed in bankrupcty court.
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IBM announced Monday a $250 million investment in RFID (radio frequency identification), an emerging technology that is being mandated by the likes of Wal-Mart Stores Inc.
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The emerging nations of Brazil, China, India, and Russia together represented five percent of IBM's second-quarter revenue, and the vendor is looking for those revenue levels to double over the next four years.
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By MARTHA McKAY, The Record, Hackensack, N.J.  Dec. 10--Carmine Cacciavillani won the business equivalent of a  mega-bucks lottery a few weeks back.   He sold his company -- Palisades Technology Partners -- to mega-giant  IBM.
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IBM announced Wednesday that it has acquired NovusCG, a privately held company that was founded in 2000 and has about 100 employees. Novus specializes in business intelligence and storage analytics.