Lenovo’s server division set for sevenfold increase in global market share
Lenovo’s $2.3 billion acquisition of IBM’s x86-based server business has been given the green light by the Committee on Foreign Investment in the United States (CFIUS), IBM announced in a press release Friday. All eyes had been on CFIUS, a U.S. government inter-agency body responsible for assessing security implications of such foreign investments, after the deal received the necessary regulatory approval in China last month.
New chips boasts 1 million neurons and 256 million synapses
The human brain is a complex thing. So are computer chips, though we have a much better understanding of the latter than the former. By somewhat combining the two, scientists from IBM have developed the first neurosynaptic computer chip to achieve an unprecedented scale of 1 million programmable neurons, 256 million programmable synapses, and 46 billion synaptic operations per second.
IBM has announced its plans to invest $3 billion on Semiconductor research and development over the next five years. The purpose of this investment is to develop smaller chips by designing smaller transistors.
Chinese PC vendor Lenovo’s $2.3 billion acquisition of IBM’s low-end server business has won the approval of Chinese Ministry of Commerce's anti-monopoly bureau, according to news agency Reuters. However, this is only half the battle. Announced in January this year, the deal now requires the approval of regulators in the States — something that could prove a bit tricky against the backdrop of the ongoing U.S.-China cyber standoff.
Over 86 percent of all Android devices remain vulnerable
The flagrant fragmentation that has come to be associated with Android is once again in focus, with IBM Security researchers shedding light on a major vulnerability (CVE-2014-3100) affecting the all-important Android KeyStore service, which is used for storing cryptographic keys and other sensitive credentials. Although the said vulnerability has been fixed in the latest version of the operating system (Android Kitkat 4.4), the problem is that the vast majority of Android users don’t have the latest version.
Declining hardware sales and expensive layoffs hurt IBM's bottom line
It was another rough quarter for IBM, which reported a drop in revenue. That marks eight quarters in a row of revenue declines. For the first quarter of 2014, IBM's total revenues reached $22.5 billion, down 4 percent from the first quarter of 2013. On the plus side, IBM is still making a profit -- $2.4 billion in Q1 2014, though even that figure is marred by the fact that it's down 21 percent year-over-year.
Over 1,000 IBM workers go on strike to protest deal with Lenovo
Lenovo and IBM entered into a definitive agreement at the end of January in which Lenovo would acquire IBM's x86 server business for around $2.3 billion. As part of the deal, approximately 7,500 IBM employees in more than 60 countries would be offered employment by Lenovo, though concerns over wages have some workers protesting the deal. According to various reports, over 1,000 workers went on strike at one of IBM's factories in China. As far as Lenovo is concerned, it's up to IBM to deal with the matter.
IBM knows the business areas it wants to focus on going forward. The company also knows that job cuts are inevitable as it attempts to "rebalance its workforce" to the fit the direction it's headed, though exactly how many employees will be receiving pink slips hasn't yet been determined, at least not officially. Unofficially, IBM may reduce the number of workers in its Systems and Technology group by up to 25 percent.
Patent deal with IBM puts to rest previous litigation
Twitter, the popular microblogging service that's now a publicly traded company, no longer has to defend itself against patent infringement claims brought on by IBM. Rather than battle one another in court, Twitter went and purchased 900 patents and signed a cross licensing agreement with IBM. Financial terms of the agreement, which was inked last month and announced today, were not disclosed.
iOS users spent five times more than Android users on Christmas
IBM revealed some interesting statistics about holiday spending in a thinly veiled attempt to draw attention to its Digital Analytics Benchmark, which IBM claims is the industry's only real-time, cloud-based digital analytics platform that tracks millions of transactions and analyzes terabytes of raw data from around 800 retail sites across the nation. So, what did IBM find?