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Palmisano Rometty IBM

Sam Palmisano exits IBM

This is Sam Palmisano's last week at the top of IBM, a company he has been running more or less since he was tapped to be president and chief operating officer back in July 2000. Ginni Rometty, who had previously run IBM's worldwide sales and marketing group and a chunk of the Global Services behemoth for many years, was …

Ex-IBM CEO John Opel dies aged 86

Obit John Opel, one of the most successful leaders of IBM, died on 3 November at the age of 86. Opel climbed through the executive ranks as Big Blue transitioned from a peddler of tabulating machines and typewriters to the mainframe giant most people still perceive it to be today, and he took the helm of the company when the PC …
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IBM names Ginni Rometty prez and CEO

The suspense over who is going to run Big Blue after Sam Palmisano retires has ended. In fact, even before he retires, Ginni Rometty – a systems engineer who has worked her way up through the ranks since joining IBM three decades ago – has been named president and CEO, effective January 1, 2012. Rometty, 54, currently runs …
The Register breaking news

Big Blue gives Big Sam big bags of cash

IBM's board of directors wants to give the company's top brass plenty of maneuvering room to engineer the earnings per share growth that they have promised Wall Street, and therefore has authorized the company to spend an additional $7bn on stock buybacks. When combined with $5.2bn in monies left over from IBM's previous stock …
The Register breaking news

IBM profits hum along nicely in second quarter

The name is International Business Machines, and perhaps better than any other company in the corporate IT sector, 100-year-old Big Blue is able to follow growth wherever it is on the planet, and capitalize on it. In the second quarter ended in June, IBM raked in $26.7bn in sales, up 12.4 percent, and brought $3.66bn to the …
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Can Big Blue survive another century?

Big Blue, which more than any other company defined the modern IT industry, turns 100 today. Such longevity is an accomplishment that most corporations can only aspire to, and there is no guarantee, as IBM's near-death experience in the early 1990s aptly demonstrated, that it will be relevant, much less viable, for the next …
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IBM: Palmisano mulls Big Blue line of succession

It's no coincidence. As IBM celebrates its 100th anniversary, the Wall Street Journal is running a vague story about IBM president, CEO, and chairman Sam Palmisano "seeking advice" on how to handle the transition to a new set of executives. IBM's age has got Wall Street thinking about how old Palmisano is – and who will be …
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IBM rides 'third supercycle of growth'

IBM hosted its annual investor briefing yesterday at the TJ Watson Research Center in Yorktown Heights, New York, which will probably go down in history as the place where the Watson question-answer machine (it is not a supercomputer, at least not yet) was built and whipped humanity's ass at Jeopardy!. While the 20 top brass …
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Big Blue Sam disses HP, lauds Ellison

Who's Big Blue's biggest problem going forward? Oracle. Who's the one IT company that IBM is not too worried about? Hewlett-Packard. So said Sam Palmisano, IBM's president, chief executive officer, and chairman, in an interview with the Wall Street Journal. Palmisano rattled on for an hour, giving his normal speech about how …
The Register breaking news

IBM: 'We'll double profits by 2015'

IBM expects to double its earnings per share by 2015. Today, IBM is hosting its annual briefing with Wall Street analysts, and this being one of the few times that Big Blue's president, chief executive officer, and chairman speaks, Sam Palmisano stole the show when he said that in the next five years, earnings would reach at …

Who is going to run IBM?

There is a tradition, but certainly not a rule, that the person running IBM retires at 60. In years gone by, as one chairman and chief executive was getting ready to retire, an up-and-coming executive from the direct reports to the CEO has been tapped to be president, and thereby anointed next CEO. Sam Palmisano, currently …
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IBM and ITIF pitch for $30bn to save America

As expected, a report from the Information Technology and Innovation Foundation think tank has called on Barack Obama and Congress to pump billions of dollars into IT infrastructure to help create jobs in America. As El Reg reported yesterday, top advisors for energy and technology were briefed by IBM's chairman and chief …
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Software team codes IBM higher in Q2

Every quarter IBM orders investors to pay attention to a particular product group as the driver of its success. For this year's second quarter, IBM has promoted the software division as its savior. That's software - not services. Got it? IBM sold a lot of stuff during Q2. In fact, it sold $23.8bn worth of goods and services, …
Ashlee Vance, 18 Jul 2007

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