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  1. News - World

    IBM faces lawsuit over NSA scandal

    Posted Dec 14th 2013, 02:27am by Reuters

    ... Reuters in New York IBM faces lawsuit over fallout from spy scandal IBM has been sued by a shareholder who accuses the computer giant of concealing how its ties to the NSA spying scandal reduced business in China and ultimately caused its market value to plunge more than US$12 billion. IBM lobbied Congress to pass a law letting it share personal data of customers in China ...

  2. Business - Companies - COMPANIES

    IBM third-quarter revenue down on China woes

    Posted Oct 17th 2013, 10:54am by Reuters

    ... Reuters in New York IBM third-quarter results disappoint, reflecting a decline in hardware sales in China and emerging markets IBM reported a 4 per cent drop in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates. IBM shares fell 6 per cent in after-hours trade to US$175.56 on Wednesday. ...

  3. Business - Companies - EARNINGS

    IBM lifts target after buoyant quarter

    Posted Jul 18th 2013, 11:29am by Bloomberg, Reuters

    ... Agencies in New York IBM lifts target after buoyant quarter International Business Machines, the world's largest computer-services company, raised its annual forecast after second-quarter earnings topped analysts' estimates, lifted by cost cuts and share buy-backs. Excluding a US$1 billion restructuring expense, IBM on Wednesday said profit was US$3.91 a share ...

  4. Business - Companies - COMPUTERS

    Lenovo on track for growth as US regulators approve IBM deal

    Posted Aug 18th 2014, 04:01am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com US consent for server unit purchase seen boosting Lenovo shares further Lenovo growth on track as IBM deal approved Computer kingpin Lenovo is well on its way to building a new US$5-billion-a-year business, after United States regulators gave the go-ahead to its acquisition of IBM's low-end server division. That US$2.3 billion deal ...

  5. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Bloomberg in New York IBM revenue falls further but beats market target International Business Machines Corp's second-quarter sales topped analysts' estimates, getting chief ... servers and markets such as Brazil and China were less severe than earlier this year, IBM said. The result surpassed the US$24.1 billion that analysts projected on average. Adjusted earnings rose ...

  6. Business - Companies - TECHNOLOGY

    Apple-IBM alliance may hit a speed bump in China

    Posted Jul 17th 2014, 01:22am by BIEN PEREZ

    ... IBM tie-up faces security concerns Security concerns by Beijing could throw a spanner in the works for Apple and International Business Machines in mainland China, after the two technology giants teamed up to bring advanced mobile enterprise applications for the iPhone and iPad to businesses. Apple and IBM announced on Tuesday in the United States an exclusive partnership to build ...

  7. News - China

    IBM sacks staff on strike against severance following Lenovo deal

    Posted Mar 12th 2014, 04:58am by He Huifeng

    ... He Huifeng huifeng.he@scmp.com US company fires staff striking over terms offered following deal with Chinese PC giant IBM sacks Lenovo protest workers Nineteen workers at an IBM factory in Shenzhen have been fired after their week-long strike against severance payments, the Southern Metropolis Daily reported yesterday. About 1,000 workers at IBM Systems Technology Company (ISTC), ...

  8. Business - Companies

    Lenovo dismisses US security concerns on IBM buy

    Posted Jul 03rd 2014, 05:14pm by Doug Young

    ... Doug Young Lenovo's purchase of Motorola will get US national security clearance, while its pending purchase of IBM's low-end server unit should also pass but may need some amending A month after word first emerged that Lenovo's (0992.HK) mega-deal to buy IBM's (NYSE: IBM) low-end server business was running into political headwinds, Lenovo is coming out ...

  9. Business - China Business - ACQUISITIONS

    Lenovo expects all-clear for IBM, Motorola Mobility deals

    Posted Jul 03rd 2014, 02:08am by BIEN PEREZ

    ... of Google's Motorola Mobility operation, and the US$2.3 billion purchase of IBM's low-end server business. The two transactions, announced separately in January, are subject to review ... control of any US business. "Hopefully, we can close both deals by the end of this year," said Yang, unfazed by news of US security concerns about the IBM transaction. Speculation has ...

  10. Business - Companies

    Lenovo's IBM ties may pave way for enterprise storage acquisition

    Posted Feb 06th 2014, 01:50pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Lenovo's IBM ties may pave way for storage deal Lenovo could be looking at another big deal with International Business Machines, following its acquisition of IBM's low-end server division, analysts said. Under a US$2.3 billion agreement to buy IBM's x86 server business, Lenovo appears to be paving the way for a future acquisition ...




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