Tag Archives: Reuters

IBM’s Low-end Server Business Acquired For $2.3 Billion

IBM’s Low-end Server Business Acquired For $2.3 Billion

Lenovo has finally acquired IBM’s low-end server business, after a deal spanning over a year has finally come to a close. The final acquisition price came to $2.3 billion, making it the largest tech server acquisition by a Chinese company. IBM has been trying to shift its x86 server business for a few years now,

Iconic VC Firm Kleiner Perkins Considering Focused Fund For Cloud Startups

Iconic VC Firm Kleiner Perkins Considering Focused Fund for Cloud Startups More than 6 months back, I had written about the launch of the first cloud computing ETF, and how, in my mind, that represented cloud computing’s acceptance in the mainstream investing community (See: Packaging Cloud Computing as an Investment – First Cloud Computing ETF

Hewlett-Packard May Spin Off PC Business To Focus On Cloud Computing

Hewlett-Packard May Spin Off PC Business To Focus On Cloud Computing Hewlett-Packard Co (HPQ.N), which may spin off the world’s largest PC business, is no longer a “safe haven” stock, said Robert W. Baird, which downgraded the stock to “neutral” on weak results and the company’s decision to overhaul its portfolio. As part of a

New York City Has Agreed To Utilize IBM Cloud Technology

(Reuters) – New York City has hired IBM to consolidate the technology departments for more than 50 city agencies by using “cloud computing,” the company said in a statement on Sunday. New York City, which faces a deficit of as much as $4.4 billion (2.7 billion pounds), could save $100 million (63 million pounds) over

Google’s Chrome PC may see muted demand in China

(Reuters) – Google Inc’s new Chrome PC may meet with chilly demand from China as tensions between Beijing and the search giant curb the latter’s offerings and as netbook sales slowly fall off the cliff in the world’s second largest PC market. Google’s laptops, promote Web-centric computing where people use online applications instead of software