Technology, Ibm | featured news

A rare earnings miss for IBM tugged the Dow Jones industrial average lower on Friday, while the rest of the market headed toward slight gains after a turbulent week. Quarterly earnings for the country's largest provider of computer services fell short of forecasts for the first time since 2005.Read more on NewsOK.com

Scientists at I.B.M. are reporting progress in a chip making technology that is likely to ensure the shrinking of the basic digital switch at the heart of modern microchips for more than another decade.

Facebook has purchased hundreds of IBM patents in a bid to bolster its intellectual-property standing as it squares off against Yahoo in a high-profile infringement lawsuit.

When IBM projected that 15% of Black Friday online sales this year would transact via mobile, a lot of analysts and bloggers, not to mention unprepared retailers, scoffed. To many, it seemed too huge of a jump — after all, as recently as 2009 less than 1% of online sales came from mobile.

Berkshire Hathaway accumulated a 5.5 percent stake in IBM, Warren Buffett said on Monday, his biggest bet on the technology field that he has historically shunned.

IBM global sales chief Virginia Rometty will take over as CEO from Sam Palmisano in January, becoming one of the most powerful women in business and technology today.

Watson, the IBM supercomputer that defeated the world’s best “Jeopardy!” playersthis year, has found a job in medicine. It won’t be consulting with patients, but a version of the game-show champion could appear in examination rooms, offering assistance to flesh-and-blood physicians. But how soon might you see Dr.

IBM led the worldwide server market in Q2 2011 with a 30.5% market share, topping HP which fell to the second position after its market share dropped to 29.8%, down 1.7 percentage points from Q1 2011.

Making computers behave like humans has taken another step forward. IBM on Thursday announced it has created a chip designed to imitate the human brain's ability to understand its surroundings, act on things that happen around it and make sense of complex data.

In its quarterly earning released on Monday, IBM reported revenues of $26.7 billion – up 12% from the same period last year. With IBM reporting its 4th consecutive quarter of double digit revenue growth, its shares have marched higher since its announcement. The stock is up nearly 50% in the last year surpassing Microsoft as the second largest technology company by market cap behind Apple. IBM’s primary competitors include HP, Dell and Oracle.