Here are this week’s news briefs for IBM (NYSE:IBM). IBM (NYSE:IBM) stocks ended the week at 145.89 (as of 12/23/2010).
Weekly News Roundup: IBM (NYSE:IBM)
Monday 20 December
GSIS has filed a suit against IBM (NYSE:IBM).
The Government Service Insurance System has filed a multi-million dollar damage suit against the software giant IBM (NYSE:IBM). However IBM (NYSE:IBM) has not commented on this issue yet.
GSIS president and general manager Robert Vergara said “the pension fund’s board approved the plan after he led a group of senior executives in meeting IBM (NYSE:IBM) Philippines officials to try to hammer out a mutually acceptable settlement package.”
Tuesday 21 December
Saudi Business Machines has planned to launch IBM (NYSE:IBM) Smarter Systems.
In an exclusive event held in Riyadh, as part of a global tour, one of the world’s leading computer systems made its debut to the market. Its “Smarter Systems” series from IBM (NYSE:IBM) were brought to the Kingdom by Saudi Business Machines (SBM).
One executive who participated in the event said, “Many organizations are trying to drive long-term savings and sustained growth and are looking to new technologies to accomplish this. By optimizing IT resources, these organizations can reduce complexity while improving performance to handle the increased number of transactions. We see IBM’s (NYSE:IBM) optimized system addressing this to help ensure these organizations stay on that path of growth.”
Wednesday 22 December
IBM (NYSE:IBM) India has deployed its custom-made turnkey IT solution at India’s Hyderabad airport.
The software giant IBM (NYSE:IBM) has deployed a turnkey solution at GMR Hyderabad International Airport (GHIAL) to enable faster and more effective decision-making. IBM (NYSE:IBM) has provided GHIAL with an end-to-end support including software and hardware services in this deployment.
IBM (NYSE:IBM) said in a statement it has helped GHIAL develop a common integrated decision system and build a data warehouse, which would help the company collect and get useful insights, analyze customer data and identify areas of improvement.
Thursday 23 December
NATO has planned to work with IBM (NYSE:IBM) on cloud computing.
The IBM (NYSE:IBM) and North Atlantic Treaty Organization (NATO) are teaming up on a project that will help to improve data sharing between the group’s 28 member countries.
Under the deal, North Atlantic Treaty Organization (NATO) and IBM (NYSE:IBM) will aim to improve data center efficiency as well as information sharing. The partnership will also aim to create a cloud computing model that could be used for other military operations.
Friday 24 December
IBM (NYSE:IBM) and Health ink have extended ICT outsourcing deal.
The federal Health Department has extended its technology services agreement with IBM (NYSE:IBM) to the tune of $109 million.
The department awarded IBM (NYSE:IBM) a four-year extension until June 30, 2015 for a range of technology and communications support that covers desktops, networks, midrange computers, help desk, storage, end-user computing services and mainframes.
Health ink said in a statement “Detailed analysis revealed the direct source option would significantly reduce the risk to the department at a time of major IT change as a result of the government’s health reform program, and would be less expensive than and approach to the market.”
We will be monitoring the IBM share price for changes over the next few weeks.
