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IBM profits better than forecast

2014-01-21 22:59:10| BBC News | Business | UK Edition

IBM, the world's biggest computer firm, sees fourth quarter profits rise by 6% beating experts' expectations.

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After Hours: IBM, Texas Instruments earnings after bell

2014-01-21 21:21:11| Semiconductors - Topix.net

Tech stocks will grab the spotlight in the extended session Tuesday as International Business Machines Corp. and Texas Instruments Inc. report quarterly results.

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Lenovo in talks to buy IBM server business - report

2014-01-21 08:33:00| Telecompaper Headlines

(Telecompaper) Lenovo announced that it's in preliminary negotiations on a potential acquisition. While the company did not provide further details, the statement follows reports Lenovo's in talks to acquire IBM's server business. The two companies held talks almost a year ago on a similar deal, but could not reach agreement on price, the Wall Street Journal reported. IBM is looking to exit the low-margin server business in order to concentrate more on software and services. For Lenovo, the takeover would provide a substantial boost to its minor position in the server market and provide a new growth area to offset the weakness in the PC market.

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Lenovo shares up on IBM deal reports

2014-01-21 08:12:12| BBC News | Business | UK Edition

Shares in China's Lenovo - the world's biggest PC maker - rise after reports say it is in talks to buy IBM's low-end server business.

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IBM Revives Effort to Sell Low-End Server Business - Sources

2014-01-20 09:26:10| Electronics - Topix.net

IBM Revives Effort to Sell Low-End Server Business - Sources - Revives An Effort That Came Close To Yielding A Deal Last Year - International Business Machines Corp. is exploring a sale of its low-end server business, according to people familiar with the matter, reviving an effort that came close to yielding a deal last year.

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