Is this the new "Resource Action"?
Revenues for IBM have risen for its second successive financial quarter – after more than five years of declining sales – but only on a constant currency basis. Profit, however, dropped and Wall Street hammered Big Blue's stock price in after-hours trading. The venerable tech titan reported $19.1bn in global sales in the first …
They didn't get what they expected, so IBM gets punished.
It's never the analysts that get told to sharpen their skills, no. It's the company's fault that it didn't perform to expectations.
Alanysts should be graded on the exactitude of their forecasts. That would balance the situation somewhat.
It's typically the opposite.
Typically companies that hit or exceed their targets will experience a share price drop following a dividend announcement as the market has priced the expected dividend into the share price. i.e. yesterday the share price was the "share price"+"expected dividend", today it is just the "share price".
It's usually a short term thing as people move their money elsewhere to where they think they can make more money.
I have it on good authority, that as customers sign new, or extend existing, software licenses/support contracts, they've put "cloud" into the wording, so any IBM software running anywhere is considered "cloud" revenue. On the other hand IBM's actual cloud offering is basically unfit for purpose.
I used to work for IBM eBHS, (e-Business Hosting) we hosted the servers that customers web sites ran on. And while we sold the customer bespoke, discrete tin, it wouldn't surprise me if this activity was now considered 'cloud', after all 'cloud' is just a computer somebody else looks after.
"I used to work for IBM eBHS, (e-Business Hosting) we hosted the servers that customers web sites ran on".
It's funny for a term that was used to refer to platforms for distributed computing as early as 1993 is still causing so much confusion in 2018.
I don't think anyone should be surprised by the fact that IBM's eBusiness initiative has evolved over the years, unless of course, you think that 'Cloud' doesn't constitute the hosting of web applications?
I'm not confused, now 'Cloud' means you don't own the hardware that the web applications run on. With eBHS, the 'Hosting' part was the crux of it, we hosted the hardware, it was not shared, or scalable, or on demand, or clustered, or resilient often. It was a fixed platform, owned by the customer, no additional resources would be added unless the customer bought more. eBHS was not an abstract cloud
Depends what you are looking for from your Cloud Service Provider , I think it's fair to say Cloud has moved beyond IaaS, a repository for storing Word documents/Excel spreadsheets or even a playground for video game developers
However, the short answer to your question is, a muppet looking to avoid vendor lock-in ;-)
Less than a week after IBM was ordered in an age discrimination lawsuit to produce internal emails in which its former CEO and former SVP of human resources discuss reducing the number of older workers, the IT giant chose to settle the case for an undisclosed sum rather than proceed to trial next month.
The order, issued on June 9, in Schenfeld v. IBM, describes Exhibit 10, which "contains emails that discuss the effort taken by IBM to increase the number of 'millennial' employees."
Plaintiff Eugene Schenfeld, who worked as an IBM research scientist when current CEO Arvind Krishna ran IBM's research group, sued IBM for age discrimination in November, 2018. His claim is one of many that followed a March 2018 report by ProPublica and Mother Jones about a concerted effort to de-age IBM and a 2020 finding by the US Equal Employment Opportunity Commission (EEOC) that IBM executives had directed managers to get rid of older workers to make room for younger ones.
IBM has quietly announced its first-ever cloudy mainframes will go live on June 30.
Big Blue in February disclosed its plans to provide cloud-hosted virtual machines running the z/OS that powers its mainframes. These would be first offered in a closed "experimental" beta under the IBM Wazi as-a-service brand. That announcement promised "on-demand access to z/OS, available as needed for development and test" with general availability expected "in 2H 2022."
The IT giant has now slipped out an advisory that reveals a “planned availability date” of June 30.
Updated ERP vendor Infor is to end development of an on-premises and containerized version of its core product for customers running on IBM iSeries mid-range systems.
Born from a cross-breeding of ERP stalwarts Baan and Lawson, Infor was developing an on-premises containerized version of M3, dubbed CM3, to help ease migration for IBM hardware customers and offer them options other than lifting and shifting to the cloud.
Under the plans, Infor said it would continue to to run the database component on IBM i (Power and I operating system, formerly known as iSeries) while supporting the application component of the product in a Linux or Windows container on Kubernetes.
Updated In one of the many ongoing age discrimination lawsuits against IBM, Big Blue has been ordered to produce internal emails in which former CEO Ginny Rometty and former SVP of Human Resources Diane Gherson discuss efforts to get rid of older employees.
IBM as recently as February denied any "systemic age discrimination" ever occurred at the mainframe giant, despite the August 31, 2020 finding by the US Equal Employment Opportunity Commission (EEOC) that "top-down messaging from IBM’s highest ranks directing managers to engage in an aggressive approach to significantly reduce the headcount of older workers to make room for Early Professional Hires."
The court's description of these emails between executives further contradicts IBM's assertions and supports claims of age discrimination raised by a 2018 report from ProPublica and Mother Jones, by other sources prior to that, and by numerous lawsuits.
HCL has given users of versions 9.x and 10.x of its Domino groupware platform two years warning that they'll have to upgrade or live without support.
Domino started life as Lotus Notes before IBM bought the company and milked the groupware platform for decades then offloaded it to India's HCL in 2018. HCL has since released two major upgrades: 2020's version 11 and 2021's version 12.
Now it looks like HCL wants to maximize the ROI on those efforts – a suggestion The Register makes as the company today emailed Domino users warning them that versions 9.x and 10.x won't be sold as of December 1, 2022, and won't receive any support as of June 1, 2024.
IBM chairman and CEO Arvind Krishna says it offloaded Watson Health this year because it doesn't have the requisite vertical expertise in the healthcare sector.
Talking at stock market analyst Bernstein's 38th Annual Strategic Decisions Conference, the big boss was asked to outline the context for selling the healthcare data and analytics assets of the business to private equity provider Francisco Partners for $1 billion in January.
"Watson Health's divestment has got nothing to do with our commitment to AI and tor the Watson Brand," he told the audience. The "Watson brand will be our carrier for AI."
After freezing operations in Russia earlier this year, IBM has told employees it is ending all work in the country and has begun laying off staff.
A letter obtained by Reuters sent by IBM CEO Arvind Krishna to staff cites sanctions as one of the prime reasons for the decision to exit Russia.
"As the consequences of the war continue to mount and uncertainty about its long-term ramifications grows, we have now made the decision to carry out an orderly wind-down of IBM's business in Russia," Krishna said.
IBM's self-sailing Mayflower Autonomous Ship (MAS) has finally crossed the Atlantic albeit more than a year and a half later than planned. Still, congratulations to the team.
That said, MAS missed its target. Instead of arriving in Massachusetts – the US state home to Plymouth Rock where the 17th-century Mayflower landed – the latest in a long list of technical difficulties forced MAS to limp to Halifax in Nova Scotia, Canada. The 2,700-mile (4,400km) journey from Plymouth, UK, came to an end on Sunday.
The 50ft (15m) trimaran is powered by solar energy, with diesel backup, and said to be able to reach a speed of 10 knots (18.5km/h or 11.5mph) using electric motors. This computer-controlled ship is steered by software that takes data in real time from six cameras and 50 sensors. This application was trained using IBM's PowerAI Vision technology and Power servers, we're told.
RSA Conference IBM has expanded its extensive cybersecurity portfolio by acquiring Randori – a four-year-old startup that specializes in helping enterprises manage their attack surface by identifying and prioritizing their external-facing on-premises and cloud assets.
Big Blue announced the Randori buy on the first day of the 2022 RSA Conference on Monday. Its plan is to give the computing behemoth's customers a tool to manage their security posture by looking at their infrastructure from a threat actor's point-of-view – a position IBM hopes will allow users to identify unseen weaknesses.
IBM intends to integrate Randori's software with its QRadar extended detection and response (XDR) capabilities to provide real-time attack surface insights for tasks including threat hunting and incident response. That approach will reduce the quantity of manual work needed for monitoring new applications and to quickly address emerging threats, according to IBM.
IBM and Dell are the founding members of a new initiative to promote sustainable development in IT by providing a framework of responsible corporate policies for organizations to follow.
Responsible Computing is described as a membership consortium for technology organizations that aims to get members to sign up to responsible values in key areas relating to infrastructure, code development, and social impact. The program is also operating under the oversight of the Object Management Group.
According to Object Management Group CEO Bill Hoffman, also the CEO of Responsible Computing, the new initiative aims to "shift thinking and, ultimately behavior" within the IT industry and therefore "bring about real change", based around a manifesto that lays out six domains the program has identified for responsible computing.
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