For the Internet, I.B.M. to stick to what it knows
Article Abstract:
IBM's Internet strategy is to offer back-end services and products for networked computers, an area in which it can build on its expertise and its large user-base. IBM does not plan to compete in the browser market, where its size could be a hindrance, because it believes that more profit can be generated by providing the tools needed to solve specific problems. IBM plans a network computer that will sell for less and $1,000, and it is marketing the device an as upgrade for the 30 million dumb terminals already connected to minicomputers and mainframes. IBM does not plan to create on-line service content and has sold its stake in the Prodigy on-line service. IBM does expect to profit by offering 'content hosting,' providing the services and software used to build and maintain Web sites. IBM is also working on security software that creates a cryptographic envelop for documents or small, Java-based applets.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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I.B.M. to pay $743 million for developer of software
Article Abstract:
IBM acquires Tivoli Systems for $743 million in a move designed to strengthen IBM's presence in the networking software market. Tivoli Systems' annual sales total under $50 million, making the ratio between IBM's offer and Tivoli revenues higher than the offer/revenue ratio when IBM acquired Lotus. Tivoli's shares rose on the news, jumping $9.28125 to close at $47.03125 on Jan 31, 1996, close to IBM's offering price of $47.50 per share. IBM's stock maintained its position, losing only 12.5 cents to close at $108.20 per share. Analysts praise IBM's acquisition, pointing out that Tivoli's network management software will fill gaps in IBM's product line. Tivoli CEO Frank Moss says he agreed to the merger after speaking with Lotus employees and noting the amount of independence that company has managed to maintain under IBM. Moss states that Tivoli products will continue to support all platforms.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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I.B.M. and Vatican team up for a this-worldly project
Article Abstract:
IBM and the Vatican Library will cooperate in providing digital versions of the Vatican's archives through the IBM Digital Library technology initiative. About 150,000 manuscripts and close to 1.5 million books are housed in the library, which was founded in 1451 by Pope Nicholas V. Existing IBM technology can be used by any archive to preserve film, music, text and artwork digitally for electronic transmission to all parts of the globe. Other participants include the Los Angeles City Public Library, Telstar Holdings and Indiana University. IBM plans to offer all tools necessary for digitizing and managing archives, including software, distribution, searching and storage technologies. However, IBM will be competing with the likes of Microsoft, Sybase and Oracle, all of which also have multimedia database technology on the market.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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