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International Business Machines Corp. (IBM) News: Chopped Earnings, New Acquisition, Endanger Amazon.com, Inc. (AMZN)’s CIA Agreement & More

Editor’s Note: Related tickers: International Business Machines Corp. (NYSE:IBM), Amazon.com, Inc. (NASDAQ:AMZN), FalconStor Software, Inc. (NASDAQ:FALC)

International Business Machines Corp. (NYSE:IBM)A Turnaround for Big Blue? (MoneyShow)
International Business Machines Corp. (NYSE:IBM) started up in 1911, which makes it the world’s oldest computer company. Today, it operates in more than 170 countries. The company reported lower-than-expected earnings and revenue for the latest quarter. In the three months ended March 31, the company earned $3 a share before one-time items, up 7.9% from $2.78. The gain was mainly the result of International Business Machines Corp. (NYSE:IBM)’s ongoing efforts to cut costs and improve productivity. Even so, the latest earnings missed the consensus estimate of $3.05 a share. Revenue fell 5.1%, to $23.4 billion from $24.7 billion. That also fell short of the consensus estimate of $24.6 billion. International Business Machines Corp. (NYSE:IBM) gets two-thirds of its revenue from overseas. If you adjust for foreign-exchange rates, overall sales would have declined by 3%.

IBM Transceiver Pushes Envelope For Radar Imaging (TechWeekEurope)
International Business Machines Corp. (NYSE:IBM) researchers have again pushed the technological envelope – this time inventing a semiconductor that brings together four integrated circuits (ICs) and 64 antennas in a single package for mobile and transportation systems. International Business Machines Corp. (NYSE:IBM) officials said Big Blue scientists – in an effort partially funded by the Defence Advanced Research Projects Agency (DARPA) – have achieved a milestone in creating a phased-array transceiver that contains all of the millimetre-wave components necessary for both high data-rate communications and advanced-resolution radar imaging applications.

IBM Buys Cloud Infrastructure Provider SoftLayer (CIO-Today)
There are more clouds on the horizon for International Business Machines Corp. (NYSE:IBM), in a good way. On Tuesday, the technology giant announced it will buy cloud infrastructure provider SoftLayer Technologies. To handle its increasing cloud services and technology, IBM also said it is forming a Cloud Services division. Terms of the purchase were not made public. Erich Clementi, senior vice president for IBM Global Technology Services, said in a statement that the acquisition will help International Business Machines Corp. (NYSE:IBM) “accelerate the build-out of our public cloud infrastructure to give clients the broadest choice of cloud offerings to drive business innovation.”

Has IBM Jeopardized Amazon’s CIA Contract? (WallStCheatSheet)
Amazon.com, Inc. (NASDAQ:AMZN)‘s contract to build a cloud system for the Central Intelligence Agency had been a secret, but that’s not the case anymore. It may not even be a reality anymore. In March it was reported by unnamed sources that Amazon.com, Inc. (NASDAQ:AMZN) had landed a deal to create a custom cloud system for the CIA. The contract was suggested to be worth $600 million over the next 10 years. Of course, due to the nature of the CIA, neither entity was able to comment on the validity of the claims. Despite the lack of substantiation from the CIA and Amazon.com, Inc. (NASDAQ:AMZN), signs were pointing to the deal being true. According to FCW, the CIA had been discussing ways to obtain software, use big-data analytics, and incorporate commercial-sector innovation. Amazon.com, Inc. (NASDAQ:AMZN) had even been mentioned by name a few times.

IBM and FalconStor Team Up to Create Backup Appliance for the Midmarket (ITNewsOnline)
FalconStor Software, Inc. (NASDAQ:FALC), a market leader in disk-based data protection, today announced that it has entered into a partnership with International Business Machines Corp. (NYSE:IBM) through IBM’s Indirect OEM (IOEM) program. Under the program, FalconStor(R) Virtual Tape Library (VTL) with deduplication software will be integrated with IBM servers and storage to address the needs of IBM midmarket customers. The new FalconStor Software, Inc. (NASDAQ:FALC) VTL IBM Series appliance will be integrated by Avnet Embedded (see related press release, “FalconStor Teams with Avnet Embedded to Create Global Supply Chain”) and will be sold through FalconStor Software, Inc. (NASDAQ:FALC)’s channel as well as through International Business Machines Corp. (NYSE:IBM) business partners who sign up with FalconStor Software, Inc. (NASDAQ:FALC). The new product will be available in North America initially and then throughout the rest of the world early next year.

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