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Killexams : IBM Performance answers - BingNews https://killexams.com/pass4sure/exam-detail/000-647 Search results Killexams : IBM Performance answers - BingNews https://killexams.com/pass4sure/exam-detail/000-647 https://killexams.com/exam_list/IBM Killexams : Better Buy: IBM Stock vs. 2-Year Treasury Notes

Investors this year increasingly turned away from dividend stocks in favor of the rising yields being offered on bonds. Given that investors can now earn a 4.3% return on a 2-year Treasury note, many prefer that guaranteed return to the risks of putting money into the stock market.

International Business Machines (IBM -1.44%) offers a dividend yield that exceeds that bond return. But with a bear market in progress, are investors better served to take a chance on the cloud stock or to take the 4.3% return at virtually zero risk?

IBM and its dividend

IBM didn't participate in the bull market of the 2010s. The stock dropped as its tech businesses suffered a considerable growth slowdown. In an effort to change that, IBM pivoted into the cloud computing sector aggressively, in part via its $34 billion purchase of Red Hat in 2019. Grand View Research forecasts a compound annual growth rate of 16% through 2030 for the cloud industry. Growth like that could certainly help both IBM and its stock.

Also, IBM spun off its managed infrastructure business into a new public company, Kyndryl. This business was less of a fit with the parent company amid its pivot to the cloud. Separating it off should make it easier for IBM to grow its revenue.

Time will tell if these moves can help the stock price recover. Nonetheless, IBM currently pays its shareholders $1.65 per share every quarter, or $6.60 per share annually. At the current stock price, that adds up to a yield of 5.6% per year. Moreover, depending on your financial situation, the IRS may tax your dividends at a lower capital gains rate, which can offer an added advantage.

Additionally, IBM hiked its payout annually for 27 consecutive years, making it a Dividend Aristocrat. That status carries some importance as many income investors will be more inclined to buy and hold IBM stock because of this status. Also, since abandoning Dividend Aristocrat status tends to hurt a stock, management will probably prioritize maintaining it by continuing to raise those payouts.

Investors also can also reinvest their dividend payments into more IBM stock. However, such newly purchased shares will pay you the dividend yield at that time. The return will rise if the stock falls since investors can buy the exact cash return at a lower price. Conversely, cash yields will drop if the stock rises, but those investors still benefit since the stock has increased in value.

What to know about 2-year Treasury notes

U.S. Treasury notes offer more stability than stocks such as IBM. Investors who purchase the 2-year Treasury note receive semiannual interest payments. At the current interest rate of 4.3%, investors will receive a 2.15% cash return on their invested amount in each of the subsequent three six-month periods. In the fourth period, when the note matures, investors receive the final 2.15% payment along with the return of their principal.

Investors should also be aware that bond values can fluctuate. If interest rates drop, the value of the bond will fall; the opposite will happen if rates rise. This affects investors if they decide to sell the bond early. Upon maturity, the note will return to its par (or nominal) value.

Additionally, bond interest payments are subject to federal income tax but exempt from state and local taxes. In some cases, this is higher than taxes on dividends. Still, bond issuers are obligated to make such payments. In contrast, IBM faces no legal obligation to continue its dividend.

Also, like with a stock, investors can reinvest their interest payments into more notes or other forms of Treasury bonds. However, those purchases will be subject to the prevailing interest rates at that time.

IBM or the 2-year Treasury note?

Investors who lack much risk tolerance should choose the Treasury note. Given its guaranteed return, they will not have to worry about volatility.

Nonetheless, for investors comfortable with buying stocks, IBM is a surprisingly strong buy. The cloud industry is in growth mode, which should propel IBM stock to a long-awaited turnaround. Moreover, IBM has repeatedly shown it wants to hold on to its Dividend Aristocrat status. This should deliver its income investors returns that are not only larger than the bonds offer, but also likely to increase in size.

Will Healy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Fri, 14 Oct 2022 00:20:00 -0500 Will Healy en text/html https://www.fool.com/investing/2022/10/14/better-buy-ibm-stock-vs-2-year-treasury-note/
Killexams : IBM’s former CEO downplays the importance of a college degree for six-figure earning ‘new collar’ jobs that now make up half of its workers

A four-year bachelor’s degree has long been the first rung to climbing America’s corporate ladder.

But the move to prioritize skills over a college education is sweeping through some of America’s largest companies, including Google, EY, Microsoft, and Apple. Strong proponents say the shift helps circumvent a needless barrier to workplace diversity.

“I really do believe an inclusive diverse workforce is better for your company, it’s good for the business,” Ginni Rometty, former IBM CEO, told Fortune Media CEO Alan Murray during a panel last month for Connect, Fortune’s executive education community. “That’s not just altruistic.”

Under Rometty’s leadership in 2016, tech giant IBM coined the term “new collar jobs” in reference to roles that require a specific set of skills rather than a four-year degree. It’s a personal commitment for Rometty, one that hits close to home for the 40-year IBM veteran.

When Rometty was 16, her father left the family, leaving her mother, who’d never worked outside the home, suddenly in the position to provide.

“She had four children and nothing past high school, and she had to get a job to…get us out of this downward spiral,” Rometty recalled to Murray. “What I saw in that was that my mother had aptitude; she wasn’t dumb, she just didn’t have access, and that forever stayed in my mind.”

When Rometty became CEO in 2012 following the Great Recession, the U.S. unemployment rate hovered around 8%. Despite the influx of applicants, she struggled to find employees who were trained in the particular cybersecurity area she was looking for.

“I realized I couldn’t hire them, so I had to start building them,” she said.

In 2011, IBM launched a corporate social responsibility effort called the Pathways in Technology Early College High School (P-TECH) in Brooklyn. It’s since expanded to 11 states in the U.S. and 28 countries.

Through P-TECH, Rometty visited “a very poor high school in a bad neighborhood” that received the company’s support, as well as a community college where IBM was offering help with a technology-based curriculum and internships.

“Voilà! These kids could do the work. I didn’t have [applicants with] college degrees, so I learned that propensity to learn is way more important than just having a degree,” Rometty said.

Realizing the students were fully capable of the tasks that IBM needed moved Rometty to return to the drawing board when it came to IBM’s own application process and whom it was reaching. She said that at the time, 95% of job openings at IBM required a four-year degree. As of January 2021, less than half do, and the company is continuously reevaluating its roles.

For the jobs that now no longer require degrees and instead rely on skills and willingness to learn, IBM had always hired Ph.D. holders from the very best Ivy League schools, Rometty told Murray. But data shows that the degree-less hires for the same jobs performed just as well. “They were more loyal, higher retention, and many went on to get college degrees,” she said.

Rometty has since become cochair of OneTen, a civic organization committed to hiring, promoting, and advancing 1 million Black individuals without four-year degrees within the next 10 years.

If college degrees no longer become compulsory for white-collar jobs, many other qualifications—skills that couldn’t be easily taught in a boot camp, apprenticeship program, or in the first month on the job—could die off, too, University of Virginia Darden School of Business professor Sean Martin told Fortune last year.

“The companies themselves miss out on people that research suggests…might be less entitled, more culturally savvy, more desirous of being there,” Martin said. Rather than pedigree, he added, hiring managers should look for motivation.

That’s certainly the case at IBM. Once the company widened its scope, Rometty said, the propensity to learn quickly became more of an important hiring factor than just a degree.

This story was originally featured on Fortune.com

More from Fortune:

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Managing Gen Z is like working with people ‘from a different country’

The Renault Nissan empire once held together by fugitive Carlos Ghosn may slowly be unraveling

PayPal tells users it will fine them $2,500 for misinformation, then backtracks immediately

Sun, 16 Oct 2022 06:27:00 -0500 en-US text/html https://finance.yahoo.com/news/ibm-former-ceo-downplays-importance-165139880.html
Killexams : IBM swallows Red Hat storage products

IBM is deepening its assimilation of Red Hat by adopting two of its open source storage products and moving some Red Hat staff to IBM.

Red Hat is transferring its storage portfolio and associated teams – including Red Hat Ceph Storage, Red Hat OpenShift Data Foundation (ODF), Rook, and NooBaa – to IBM. The foundation for Spectrum Fusion will become ODF. Customers will see no difference when buying software.

IBM storage GM Denis Kennelly said: “By bringing together the teams and integrating our products under one roof, we are accelerating the IBM’s hybrid cloud storage strategy while maintaining commitments to Red Hat customers and the open-source community.

“I believe this creates the most complete and powerful software-defined storage portfolio in the industry.“

Red Hat’s VP of hybrid platforms, Joe Fernandes, added: “With IBM Storage taking stewardship of Ceph, and OpenShift Data Foundation, IBM will help accelerate open-source storage innovation for Red Hat and IBM customers and expand the market opportunity beyond what each of us could deliver on our own.”

Red Hat’s ODF is a cloud-native storage, data management, and data protection combination based on Ceph, Noobaa, and Rook software components. Ceph provides object, block, and file storage. Noobaa, acquired by Red Hat in 2018, abstracts storage infrastructure across hybrid multi-cloud environments, and provides data storage service management.  Rook orchestrates multiple storage services, each with a Kubernetes operator, and can be used to set up a Ceph cluster. 

IBM’s storage software product line has an overall Spectrum brand. Examples are:

  • Spectrum Elastic Storage System (ESS) –software-defined storage for AI and big data
  • Spectrum Discover – file cataloging and indexing product
  • Spectrum Fusion – containerized derivative of Spectrum Scale plus Spectrum Protect data protection
  • Spectrum Protect – data protection
  • Spectrum Scale – scale-out, parallel file system software
  • Spectrum Virtualize – operating, management, and virtualization software for the Storwize and FlashSystem arrays and SAN Volume Controller
  • Spectrum Virtualize for Public Cloud (SVPC) – available for the IBM public cloud, AWS, and Azure

Ceph is not becoming Spectrum Ceph. Along with ODF, it will remain 100 percent open source. IBM said it will assume Premier Sponsorship of the Ceph Foundation, whose members collaborate on the Ceph open source project.

Overall, IBM says its clients will have access to a consistent set of hardware-agnostic storage services with data resilience, security, and governance across bare metal, virtualized, and containerized environments. 

They should get a unified storage experience for containerized apps running on Red Hat OpenShift. They can use Spectrum Fusion (now with Red Hat OpenShift Data Foundation) to get performance, scale, automation, data protection, and data security for production applications running on OpenShift that require block, file, and/or object access to data. 

IBM says customers should be able to build in the cloud and then deploy on-premises with automation. They will be able to move developed applications from the cloud to on-premises services, automate the creation of staging environments to test deployment procedures, validate configuration changes, database schema and data updates, and ready package updates. 

Kennelly said: “From edge-to-core-to-cloud, software-defined storage is the answer you’ve been looking for, and it’s now here from IBM.” 

This move of software and staff (associates in IBM-speak), characterized by IBM as a partial and non-cash acquisition, should complete by January 1. From then on Red Hat OpenShift Platform Plus will continue to include OpenShift Data Foundation, and be sold by Red Hat and its partners. New Red Hat OpenStack customers will still be able to buy Red Hat Ceph Storage from Red Hat and its partners. Existing OpenShift and OpenStack subscription customers will see no change in their Red Hat relationship. 

IBM said forthcoming Ceph and Spectrum Fusion storage offerings based on Ceph are expected to ship from the first half of 2023. 

Tue, 04 Oct 2022 01:00:00 -0500 Chris Mellor en-US text/html https://blocksandfiles.com/2022/10/04/ibm-red-hat-storage/
Killexams : IBM CEO chose to build in Rochester as 'tribute' to his friend

ROCHESTER — Here’s a little known fact: Sometimes I don’t have all the answers.

It’s a very rare occurrence, but it does happen. Luckily, this city's pool of knowledge is very deep, particularly when it comes to Rochester history that they lived through.

The question was recently raised about the oft-repeated story that IBM chose to build in Rochester in 1956 based on a wartime friendship between IBM CEO Tom Watson Jr. and Leland (Lee) Fiegel of Rochester.

The Answer Man dug through old newspaper clippings with the help of Rochester Public Library reference librarian Susan Hansen, one of her last projects before retiring. IBM archivists checked the records and public statements of Watson.

The story of the friendship between Watson and the heroic Rochester pilot Fiegel is easily documented. On an almost three-month secret mission in 1942, they flew together from Washington, D.C. to Siberia via South America, Africa and China with Fiegel as pilot and Watson as co-pilot.

Fiegel was awarded the Distinguished Flying Cross medal for the flight.

"With no thought of personal hardship consequent to flying on the flight and repeated flights made within the Soviet Union under conditions made hazardous by extremely adverse weather conditions, the proximity of enemy aircraft ... inaccurate maps, inadequate communications ... and dangerous overload conditions, he displayed conspicuous skill, courage, initiative, and good judgment in the performance of his duties ...," according to Fiegel's Flying Cross citation.

Watson maintained the friendship with the Fiegel family even after his friend died in a stateside plane crash after the end of the war. The IBM CEO was one of Fiegel’s pallbearers at the 1948 funeral.

19232ea81bce995b2206625d90b66ced.jpg
This undated photo show the inside of the IBM facility in Rochester.

Answerman / Post Bulletin

Unfortunately, my research team could not find any direct Watson comments in newspaper accounts or other documents citing his friendship with Fiegel as driving the 1956 decision to build in Rochester. That left the final answer on the IBM story as inconclusive.

And then a hand-written card from Audrey Fiegel Higgins Garbisch, Lee Fiegel’s sister, arrived at the Post Bulletin’s headquarters with the definitive answer plus some Post Bulletin clippings tucked in the envelope that even my team had not been able to find in our archives.

“As the last living Fiegel sibling, I feel obligated to resurface a few facts from the past history.

As you will note, Tom Watson, IBM’s CEO, would not have been aware of our Rochester had it not been for that 'historical' flight in 1942 which introduced him when the crew landed here on their return to D.C. My Dad staged a reception at the Kahler and it made headlines!,” she wrote.

One PB article quoted Watson as saying, “I admired him (Fiegel) as much as any man I ever knew.”

While interesting, none of that locked down specifically why Watson chose Rochester, which had a population of about 30,000 people, to build an $8 million campus in 1956.

Toward the end of her note, Audrey dropped the final word on the issue.

“We have a tape in which Tom (Watson) announced that Rochester was chosen as a ‘tribute to his friendship with Leland and the Fiegel family,’” she wrote.

So there is proof that friendship did bring a Fortune 500 company with a massive facility and thousands of jobs to Rochester in the 1950s. The move boosted Rochester from a minor city to a major player. Mayo Clinic later leapfrogged IBM in 1966 to become the top employer, but Big Blue remained a driving force for decades.

I must humbly thank Audrey for assisting in answering this question.

Send questions to Answer Man at answerman@postbulletin.com .

Sat, 08 Oct 2022 00:07:00 -0500 en text/html https://www.postbulletin.com/news/local/ibm-ceo-chose-to-build-in-rochester-as-tribute-to-his-friend
Killexams : Is your company a ‘most loved' workplace? It should be No result found, try new keyword!At a time when 'quiet quitting' and 'quiet firing' are all the rage, it's important to know what employees want — and act accordingly. Fri, 07 Oct 2022 00:35:00 -0500 en text/html https://www.computerworld.com/ Killexams : IBM Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on IBM IBM.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with IBM, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for IBM.

This isn't normal.

The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $1,280,392, and 4 are calls, for a total amount of $243,682.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $165.0 for IBM over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for IBM's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of IBM's whale activity within a strike price range from $105.0 to $165.0 in the last 30 days.

IBM Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IBM PUT TRADE NEUTRAL 12/16/22 $115.00 $905.6K 351 1.8K
IBM CALL SWEEP BULLISH 06/21/24 $125.00 $151.2K 27 120
IBM PUT SWEEP BEARISH 01/20/23 $125.00 $113.7K 4.0K 5
IBM PUT SWEEP BEARISH 10/14/22 $120.00 $70.6K 816 322
IBM PUT TRADE BULLISH 01/19/24 $165.00 $64.4K 53 13
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IBM PUT TRADE NEUTRAL 12/16/22 $115.00 $905.6K 351 1.8K
IBM CALL SWEEP BULLISH 06/21/24 $125.00 $151.2K 27 120
IBM PUT SWEEP BEARISH 01/20/23 $125.00 $113.7K 4.0K 5
IBM PUT SWEEP BEARISH 10/14/22 $120.00 $70.6K 816 322
IBM PUT TRADE BULLISH 01/19/24 $165.00 $64.4K 53 13

Where Is IBM Standing Right Now?

  • With a volume of 2,052,099, the price of IBM is up 1.05% at $118.99.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 8 days.

What The Experts Say On IBM:

  • Morgan Stanley has decided to maintain their Overweight rating on IBM, which currently sits at a price target of $152.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for IBM, Benzinga Pro gives you real-time options trades alerts.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tue, 11 Oct 2022 13:56:00 -0500 text/html https://www.benzinga.com/markets/options/22/10/29224106/ibm-whale-trades-spotted
Killexams : As NIST Prepares For Quantum Safe Security, IBM Rolls Out Support

The world of cryptography moves at a very slow, but steady pace. New cryptography standards must be vetted over an extended period and therefore new threats to existing standards need to be judged by decades-long timelines because updating crypto standards is a multiyear journey. Quantum computing is an important threat looming on the horizon. Quantum computers can solve many equations simultaneously, and based on Shor’s Algorithm, crypto experts estimate that they will be able to crack asymmetric encryption. In addition, Grover’s algorithm provides a quadratic reduction in decryption time of symmetric encryption. And the question these same crypto experts try to answer is not if this will happen, but when.

Today’s crypto algorithms use mathematical problems such as factorization of large numbers to protect data. With fault-tolerant quantum computers, factorization can be solved in theory in just a few hours using Shor’s algorithm. This same capability also compromises cryptographic methods based on the difficulty of solving the discrete logarithm problems.

The term used to describe these new, sturdier crypto standards is “quantum safe.” The challenge is we don’t know exactly when fault-tolerant quantum computers will have the power to consistently break existing encryption standards, which are now in wide use. There’s also a concern that some parties could get and store encrypted data for decryption later, when suitably capable quantum computers are available. Even if the data is over ten years old, there still could be relevant confidential information in the stored data. Think state secrets, financial and securities records and transactions, health records, or even private or classified communications between public and/or government figures.

U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) believes it’s possible that RSA2048 encryption can be cracked by 2035. Other U.S. government agencies and other security-minded entities have similar timelines. Rather than wait for the last minute to upgrade security, NIST started a competition to develop quantum-safe encryption back in 2016. After several rounds of reviews, on July 5th of this year, NIST chose four algorithms for the final stages of review before setting the standard. IBM developed three of them, two of those are supported in IBM’s Z16 mainframe today.

NISTNIST Announces First Four Quantum-Resistant Cryptographic Algorithms

The new IBM crypto algorithms are based on a family of math problems called structured lattices. Lattice problems have a unique characteristic that will make it reasonably difficult to solve with quantum computing. Structured lattice problems require solving for two unknowns – a multiplier array and an offset and is extremely difficult for quantum computing to solve the lattice problems. The shortest vector problem (SVP) and the closest vector problem (CVP) – upon which lattice cryptography is built – is considered extremely difficult to a quantum computer to solve. Each candidate crypto algorithm is evaluated not just for data security, but also for performance - the overhead cannot be too large for wide spread use.

The final selections are expected in 2024, but there’s still a chance there will be changes before the final standards are released.

MORE FROM FORBESIBM Lattice Cryptography Is Needed Now To Defend Against Quantum Computing Future

IBM Supports Quantum Safe in New Z-Series Mainframes

IBM made a strategic bet before the final NIST selections. The recently released IBM Z16 Series computers already support two of the final four quantum safe crypto candidates: the CRYSTALS-Kyber public-key encryption and the CRYSTALS-Dilithium digital signature algorithms. IBM is set to work with the industry to substantiate these algorithms in production systems. Initially, IBM is using its tape drive storage systems as a test platform. Because tape is often used for cold storage, it's an excellent medium for long-term data protection. IBM is working with its client base to find the appropriate way to roll out quantum-safe encryption to the market. This must be approached as a life cycle transformation. And, in fact, IBM is working with its customers to create a crypto-agile solution, which allows the exact crypto algorithm to change at any point in time without disrupting the entire system. It’s not just a rip and replace process. With crypto-agility, the algorithm is abstracted from the system software stack so a new algorithms can be deployed seamlessly. IBM is developing tools making crypto status part of the overall observability with a suitable dashboard to see crypto events, etc.

These new algorithms must be deployable to existing computing platforms, even at the edge. However, it's not going to feasible to upgrade every system; it’s probably going to be an industry-by-industry effort and industry consortia will be required. For example, IBM, GSMA (Global System for Mobile Communication Association), and Vodafone recently announced they will work via a GSMA Task Force to identify a process to implement quantum-safe technologies across critical telecommunications infrastructure, including the networks underpinning internet access and public utility management. The telecommunication network carries financial data, health information, public-sector infrastructure systems, and sensitive business data which needs to be protected as it traverses global networks.

IBM Research BlogHow IBM is helping make the world's networks quantum safe | IBM Research Blog

What’s Next for Quantum Safe Algorithms

Fault-tolerant quantum computing is coming. When it will be available is still a guessing game, but the people who most care about data security are targeting 2035 to have quantum-safe cryptographic algorithms in place to meet the threat. But that’s not good enough. We need to start protecting critical data and infrastructure sooner than that, considering the length of time systems are deployed in the field and data is stored. Systems such as satellites and power stations are not easy to update in the field.

And there’s data that must be stored securely for future retrieval, including HIPAA (for medical applications), tax records, toxic substance control act and clinical trial data, and others.

Even after the deployment of these new algorithms, this is not the end – there may still be developments that can break even the next generation quantum-safe algorithms. The struggle between those that want to keep systems and data safe and those that want to crack them continues and why companies should look to building in crypto agility into their security plans.

Tirias Research tracks and consults for companies throughout the electronics ecosystem from semiconductors to systems and sensors to the cloud. Members of the Tirias Research team have consulted for IBM and other companies throughout the Security, AI and Quantum ecosystems.

Fri, 07 Oct 2022 11:36:00 -0500 Kevin Krewell en text/html https://www.forbes.com/sites/tiriasresearch/2022/10/07/as-nist-prepares-for-quantum-safe-security-ibm-rolls-out-support/
Killexams : IBM: The Most Innovative and Prizewinning Tech Company

Founded in 1911 as a Computing-Tabulating-Recording Company, International Business Machines (IBM) needs to keep its finger on the pulse of the development of information technology not to be ousted by younger tech giants like Google, Microsoft, Apple, and Amazon. With the advent of the internet, IBM needed to widen the spectrum of its products and services to retain its strong position in the tech field. Although the company lost its dominance, having only a 5% market share in 2021, as opposed to 68% shared by Microsoft, Amazon, and Google, it has many spectacular achievements to its credit. IBM holds more patents than any other technology company and takes pride in employees who have earned five Nobel Prizes, four Turing Awards, five National Medals of Technology, and five National Medals of Science. And it had been the top tech company for longer than any of the titans dominating the market now. 

Also called “Big Blue,” IBM indeed has an impressive pedigree. After starting to produce hardware at the beginning of the last century, it thrived in this business for decades and became the leading provider of mainframe computers worldwide. IBM’s gross income had inexorably grown in the last part of the twentieth century, expanding from $14.450 billion earned in 1975 to $71.940 billion made in 1995. The company’s revenue skyrocketed to the record level of $106.9 billion in 2011, after which it has steadily been declining amidst its transition into new technologies and lines of business. To move with the times and survive the competition from other tech titans, IBM gradually shifted its focus from hardware to software and services. It began to devote more energy and money to cloud-based services and cognitive computing. IBM focuses now on offering primarily network services, application services, cloud services, digital workplace services, business processes and operations, technology consulting services, and AI services. IBM Watson, a cognitive system capable of answering questions posed in natural language, has become the company’s high-visibility offering in the technology field. IBM has a strong faith in Watson, promoting the system as a benevolent digital assistant that would help hospitals, offices, factories, and farms. The company’s white paper referred to Watson as “the future of knowing.”

To see how well IBM has prepared for, what it calls, the new age of understanding, study the statistical data presented below.

Sources: IBM, Wikipedia

 IBM’s Outstanding Achievements

  • In 1891, IBM, then called CTR, invented the computing scale that could show both the weight and the proportionate price of the product simultaneously.
  • In 1888, the company invented the Time Clock, a device that records start and end times for hourly employees. Then, it designed the punch card base data processing machines. IBM is also responsible for inventing the magnetic stripe technology and the Universal Product Code.
  • IBM designed and developed the first smartphone in the world, launching it in November 1992. Designed by IBM and manufactured by Mitsubishi Electric, the device had a touchscreen, a calculator app, email capability, 2 MB RAM, and 2 MB internal storage. There were about 50,000 of these smartphones sold for $899 a unit.
  • IBM also revolutionized the computer industry, inventing DRAM, floppy disk, SQL programming language, ATMs, and hard disk drives.
  • IBM also invented the first personal computer, known as the IBM PC. It was launched in August 1981 and acquired by many companies before PCs were commercialized.
  • Since 1920, IBM has received 151,302 US patents. In 2019, the company received a staggering amount of 9,262 US patents. A year later, IBM beat the record of most US patents received by a business for 27 consecutive years. In 2021, IBM had 1,811 patents granted, while this year it has so far received 492 patents.
  • IBM has long worked with NASA. Although IBM contributed to many missions, the most memorable is landing on the Moon in 1969. IBM’s responsibility was to develop the software and various programs, build computers, and streamline the mission for NASA.
  • One of the fascinating inventions of IBM is the Scanning Tunnelling Microscope developed in 1981 for imaging at the atomic level. Gerd Binnig and Heinrich Rohrer received the Noble Prize in Physics in 1986 for the invention. 
  • IBM developed several chess computers, the most popular of which is Deep Blue. In 1996, Deep Blue beat the chess world champion, Garry Kasparov, who accused IBM of cheating. IBM declined Kasparov’s offer of a rematch. 
  • IBM invented the ASME (The Anatomic and Symbolic Mapper Engine) that offers a 3D interactive avatar of the human body to doctors in real-time, helping them visualize patients’ medical records.
  • Big Blue made LASIK eye surgery mainstream.
  • The company invented the IBM 2990 Blood Cell Separator, designed to harvest white blood cells from blood donors to support patients with leukemia. Later, IBM engineers improved the device, introducing its more sophisticated version, IBM 2997.
  • IBM offers the IBM LinuxONE for cloud computing solutions. This powerful computer system can manage the work of 1000×86 servers simultaneously on a single platform.  

IBM Statistics in 2022

  • Over 90% of credit card transactions are processed by IBM mainframes.
  • About 80% of global retailers use IBM retail solutions in their stores and for online sales.
  • Over 80% of travel reservations are processed through an IBM product.
  • Nearly 97% of banks worldwide use IBM products.
  • There are 245,000 IBM employees worldwide in 2022.
  • IBM employees live in 170 countries.
  • There are 130,000 IBM employees in India.
  • 3,000 researchers are working in IBM’s fifteen laboratories around the world.
  • During the pandemic, between 2020 and 2021, IBM reduced the number of its employees by around 0.24%.
  • Over 29% of IBM managers are women.
  • There are an average of 108 applications per available job position at the company. 
  • Every day, IBM handles 70 billion security events.
  • Every second, it manages 8.18 million security events.
  • Over 27.3 million people use the IBM website every month.
  • The IBM website has a bounce rate of 52.66%.
  • In 2020, IBM’s earnings hit about $73 billion.
  • In 2021, its global revenue diminished by 22%.
  • Almost half of IBM’s revenue is generated in the North American market.
  • IBM bought Red Hat for $33.4 billion.
  • Cognos was purchased by IBM for $4.9 billion in 2008.
  • Big Blue acquired SoftLayer Technologies in 2013 reportedly for $2 billion.
  • To date, IBM has acquired more than 183 companies.

Facts about IBM’s Incumbent CEO, Arvind Krishna

  • Arvind Krishna became IBM’s CEO in 2020, arriving with the mission to reverse the company’s decline. He is expected to create a new line of business that would rediscover IBM’s former glory.
  • Before becoming the company’s CEO, Krishna worked as the Senior Vice President for IBM’s cloud and cognitive software. He developed IBM’s security software business.
  • Krishna was the general manager of IBM Systems and Technology Group’s development and manufacturing organization. He also managed IBM’s acquisition of Red Hat and supervised its synergy with IBM.
  • Krishna is the co-author of 15 patents and has been the editor of IEEE and ACM journals. He has received distinguished alumni awards from IITK and the University of Illinois, where he completed his PhD. His scholarly articles appear in numerous journals.
  • Krishna leads the IBM business unit that provides the cloud and data platform. His responsibilities include IBM Research, IBM Cloud, and IBM’s security and Cognitive Application business.
  • Krishna guides IBM’s overall strategy in core and emerging technologies including AI, quantum computing, blockchain, cloud platform services, data-driven solutions, and nanotechnology.
  • IBM Chairman and CEO Arvind Krishna was paid $17.5 million for 2021, up from $17 million paid in the year before, according to IBM’s 2022 Notice of Annual General Meeting and Proxy Statement.
  • In 2021, IBM’s board approved an annual incentive payment of $2.9 million to Krishna for the 2021 performance, which was 98% of the target.
  • The estimated net worth of Arvind Krishna was about $27.4 million in June 2022. He also owns over 21,803 units of International Business Machines stock worth over $23,629,581.

Source: Fortune

IBM’s Annual Revenue since 2000

Once an unparalleled tech giant, IBM has been struggling for the last decade. It had to adjust to the changing world by selling its low-margin businesses and investing in high-margin ones. To implement its strategies, Big Blue sold IBM WebSphere Commerce to HCL Technologies in 2018 and a part of the Watson Health business at the beginning of this year. Although IBM’s earnings are still high, they do not reach the levels hit between 2006 and 2012. The company’s annual revenue skyrocketed to $106.9 billion in 2011, whereas it was only $57 billion last year. In the second quarter of 2022, IBM’s earnings dropped below expectations. IBM’s falling fortune is reflected in the table below:

IBM’s Annual Revenue since 2000 (in $US Billion)

Year Annual Revenue (in $US Billion)
2000 $88.4
2001 $83.07
2002 $81.19
2003 $89.13
2004 $96.29
2005 $91.13
2006 $91.42
2007 $98.79
2008 $103.63
2009 $95.76
2010 $99.87
2011 $106.92
2012 $104.51
2013 $99.75
2014 $92.8
2015 $81.74
2016 $79.92
2017 $79.14
2018 $79.59
2019 $57.71
2020 $55.18
2021 $57.35
2022 (Q1; Q2) $14.2 billion; $15.5 billion

Source: Statista; IBM

IBM’s Annual Revenue by Segment for 2020-2021

Big Blue has repeatedly changed the segment reporting to reflect its move away from being hardware, software, and service company towards becoming a cognitive solutions and cloud platform company. It changed its segment reporting in 2016, 2019, and 2021. The last change was dictated by IBM’s need to align its segment reporting with its platform-centric approach to hybrid cloud and AI. There are presently six segments in IBM’s business: Technology Services and Cloud Platforms, Infrastructure, Software, Consulting, Financing, and Other. In 2021, IBM’s software segment generated $24.14 billion of its global revenue of $57.35 billion. In 2022 so far, the Software division earned $5.77 billion and $6.2 billion, in the first and second quarters, respectively. The Consulting sector brought the company $4.83 billion in Q1 and $4.8 billion in Q2 of the current year. The revenue earned by the Infrastructure segment amounted to $3.22 billion in the first quarter and $4.0 billion in the second quarter. Revenues generated by IBM’s segments in the last two years are shown in the table below:

IBM’s Annual Revenue by Segment for 2020-2021 (in $US billion)

Segment 2020 2021
Software $22.93 $24.14
Consulting $16.26 $17.84
Infrastructure $14.53 $14.19
Financing $0.98 $0.77
Technology Services and Cloud $25.00 $28.00
Other  $0.49 $0.41

Source: Statista

Worldwide Market Share of Cloud Infrastructure Providers in Q2 2022

In the second quarter of 2022, IBM’s Cloud Infrastructure had only a 4% share of the worldwide market, lagging behind Amazon, Azure, and Google Cloud. The spending on global cloud infrastructure services soared to $55 billion and thus brought the industry’s total for the twelve months to more than $203.5 billion. Outshining IBM, Amazon and Microsoft together accounted for more than half of cloud infrastructure revenues in the three months that ended on June 30.

These figures show how much Big Blue fell from grace because, in the past, it used to enjoy the leading position. In 2017, IBM reported cloud revenue growth of 33% year-over-year in its first quarter earnings. In that quarter, its cloud revenue jumped to $3.5 billion. IBM’s total cloud revenue over the past 12 months that year hit $41.6 billion and catapulted IBM to the top of the list in the field of enterprise cloud.  In the first quarter of 2017, today’s winners were obliged only to trail behind with lower earnings: Microsoft with $14 billion, Amazon with $12.20 billion, and Google with $10 billion. The latest market share of the main providers of cloud infrastructure can be seen in the table below:

Worldwide Market Share of Cloud Infrastructure Providers in Q2 2022

Company Market Share
AWS 34%
Azure 21%
Google Cloud 10%
Alibaba Cloud 5%
IBM Cloud 4%
Salesforce 3%
Tencent Cloud 3%
Oracle Cloud 2%

Sources: Statista, IBM

IBM’s Annual Net Income since 2009

Net income is defined as a company’s net profit or loss after it has accounted for all its revenues, income items, and expenses. IBM’s net income for the quarter ending on June 30, 2022, was $1.292 billion, which constituted a 5.06% jump year-over-year. The company’s net profit for the 12 months ending on June 30, 2022, was $5.588 billion, demonstrating an increase of 4.76% year-over-year. Last year, IBM’s annual net income reached $5.743 billion, a 2.74% surge from 2020. The first year of the pandemic brought IBM a net income of $5.59 billion, which was a whopping 40.73% drop from 2019. In 2019, IBM’s annual net profit was $9.431 billion, an 8.05% advance from 2018. The uneven trajectory of IBM’s annual net income is drawn in the table below:

IBM’s Annual Net Income since 2009 (in $US Billion)

Year Net Income in $US Billion
2009 $13.425
2010 $14.833
2011 $15.855
2012 $16.604
2013 $16.483
2014 $12.022
2015 $13.190
2016 $11.872
2017 $5.753
2018 $8.728
2019 $9.431
2020 -$5.590
2021 $5.743

IBM’s Number of Employees Worldwide from 2000 to 2022

IBM is the fifth largest employer in the United States. In 2021, the company employed 282,000 people worldwide. This year, the number of people working for Big Blue dipped to 245,000. As the company has lately been struggling, experiencing drops in its revenues, it is trying to restructure its business and be on par with such tech giants as Amazon, Microsoft, Google, and Apple. Hence the decline in the number of its employees this year. The table below shows how the number of IBM’s employees has changed over the years:

IBM’s Number of Employees Worldwide from 2000 to 2022 (in 1,000s) 

Year Number of Employees (in 1,000s)
2000 316.3
2001 319.88
2002 315.89
2003 319.27
2004 329
2005 329.37
2006 355.77
2007 386.56
2008 398.46
2009 399.41
2010 426.75
2011 433.36
2012 434.25
2013 431.21
2014 379.59
2015 377.76
2016 380.3
2017 366.6
2018 350.6
2019 352.6
2020 345.9
2021 282.1
2022 245

Source: Statista

Conclusion

As the world is facing a probable recession, analysts believe that the enterprise tech sector will still continue going strong. People who are tech-savvy will turn to IBM in these unpleasant times to help them survive in a tighter economic environment and use the company’s software, consulting, and infrastructure to work productively during an economic decline. Big Blue can definitely provide the products and services people will need in the near future. IBM’s Q2 2022 results signify that technology spending in such spheres as AI, cloud, automation and networking is steady. The company beat anticipated results in the second quarter and boasted its first double-digit quarterly revenue growth in more than a decade. Automatic calculations conducted at Coinpriceforecast.com inspire faith in the company’s future and the cost of its stock. At the beginning of the year, IBM’s stock price was $116.92. At the time of writing, IBM is trading at $118.81, thus demonstrating a 2% jump from January 2022. Coinpriceforecast.com foresees that by Christmas, IBM will surge to $138. In the first half of 2023, the price of the stock might advance to $145 and end the next year at $155, adding 30% to today’s price. Whether or not these predictions prove to be correct, IBM will surely continue pushing technology and innovation forward, as it has spectacularly done since the beginning of the twentieth century.

Mon, 10 Oct 2022 00:38:00 -0500 Daniel Shvartsman en-US text/html https://www.investing.com/academy/statistics/ibm-facts/
Killexams : Cisco vs. IBM: Which is the Better High-Yield Tech Dinosaur? No result found, try new keyword!Nonetheless, in this piece, we used TipRanks' Comparison Tool to determine which old-school tech stock — CSCO or IBM — is the ... experts based on measured performance and the accuracy ... Mon, 03 Oct 2022 21:39:00 -0500 text/html https://www.nasdaq.com/articles/cisco-vs.-ibm:-which-is-the-better-high-yield-tech-dinosaur Killexams : IBM Expands Partner Access To Training Resources

Channel programs News

Wade Tyler Millward

“We can‘t be essential unless our partners are skilled in our products and confident in going to their clients with our products and selling them with us and for IBM,” IBM channel chief Kate Woolley said.

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IBM has started giving registered members of its PartnerWorld program access to the training, badges and enablement IBM sales employees get along with a new learning hub for accessing materials.

The expansion is part of the Armonk, N.Y.-based tech giant’s investment in its partner program, IBM channel chief Kate Woolley told CRN in an interview.

“We can‘t be essential unless our partners are skilled in our products and confident in going to their clients with our products and selling them with us and for IBM,” said Woolley (pictured), general manager of the IBM ecosystem.

[RELATED: Channel Chief Kate Woolley: ‘No Better Time To Be An IBM Partner’]

Partners now have access to sales and technical badges showing industry expertise, according to a blog post Tuesday. Badges are shareable on LinkedIn and other professional social platforms. IBM sales representatives and partners will receive new content at the same time as it becomes available.

“This is the next step in that journey in terms of making sure that all of our registered partners have access to all of the same training, all of the same enablement materials as IBMers,” Woolley told CRN. “That’s the big message that we want people to hear. And then also in line with continuing to make it easier to do business with IBM, this has all been done through a much improved digital experience in terms of how our partners are able to access and consume.”

Among the materials available to IBM partners are scripts for sales demonstrations, templates for sales presentations and positioning offerings compared to competitors, white papers, analyst reports and solution briefs. Skilling and enablement materials are available through a new learning hub IBM has launched.

“The partners are telling us they want more expertise on their teams in terms of the IBM products that they‘re able to sell and how equipped they are to sell them,” Woolley said. “And as we look at what we’re hearing from clients as well, clients want that. … Our clients are saying, ‘We want more technical expertise. We want more experiential selling. We want IBM’ – and that means the IBM ecosystem as well – ‘to have all of that expertise and to have access to all the right enablement material to be able to engage with us as clients.’”

The company has doubled the number of brand-specialized partner sellers in the ecosystem and increased the number of technical partner sellers by more than 35 percent, according to IBM.

The company’s exact program changes have led to improved deal registration and introduced to partners more than 7,000 potential deals valued at more than $500 million globally, according to IBM. Those numbers are based on IBM sales data from January 2022 to August.

Along with the expanded access to training and enablement resources, Woolley told CRN that another example of aligning the IBM sales force and partners was a single sales kickoff event for employees and partners. A year ago, two separate events were held.

“I want our partners to continue to feel and see this as a big investment in them and representative of how focused we are on the ecosystem and how invested we are,” she said.

Wade Tyler Millward

Wade Tyler Millward is an associate editor covering cloud computing and the channel partner programs of Microsoft, IBM, Red Hat, Oracle, Salesforce, Citrix and other cloud vendors. He can be reached at wmillward@thechannelcompany.com.

Tue, 04 Oct 2022 07:15:00 -0500 en text/html https://www.crn.com/news/channel-programs/ibm-expands-partner-access-to-training-resources
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