Posts Tagged ‘IBM’

Universities Will Compete to Build a Campus on City Land

Friday, March 18th, 2011

The next engineering school in New York City could be a satellite campus of a university in Finland, South Korea or California, judging by the responses city officials received to their call for ideas on how to raise New York’s profile in the realm of technological innovation.

On Thursday, the city announced that it had received 18 expressions of interest in establishing a research center from universities and corporations around the world. Struggling to compete with Silicon Valley, Boston and other high-tech hubs, officials charged with developing the city’s economy have identified several city-owned sites that might serve as a home for the research center for applied science and engineering that they hope to establish.

The list of institutions that responded includes the Abo Akademi University in Finland, the Korea Advanced Institute of Science and Technology, and Technion-Israel Institute of Technology, as well as schools in England, India and Switzerland. American schools as far away as California and as close by as Manhattan and Hoboken, N.J., also indicated that they were interested. (more…)

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What’s on IBM’s “Next Five in Five”?

Sunday, December 26th, 2010

By 2015, you could see the 3-D image of a person calling you and might be able to plan in advance the shortest and less traffic-congested route to the office.

Not enough? Even “breathing” batteries and laptops powered by kinetic energy could be on the way over the next five years, according to the latest technology predictions from IBM.

The Armonk, N.Y.-based computer giant has released its annual “Next Five in Five” list of five innovations expected to hit the ground by 2015. The predictions are based on surveys conducted with more than 3,000 researchers at IBM’s Almaden research lab.

People could be able to interact with faraway friends in 3-D and even conduct videoconferencing through holographic cameras that fit into cell phones allowing video chat, IBM researchers said.

The company also expects that today’s lithium-ion batteries could be replaced by batteries using energy-dense metals that only need to interact with the air to recharge and that those kinds of batteries could last 10 times longer than the current battery technology.

“If successful, the result will be a lightweight, powerful, and rechargeable battery capable of powering everything from electric cars to consumer devices,” IBM said. (more…)

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IBM stock shares reach all time high

Friday, October 8th, 2010

IBM stock shares hit an all-time high Thursday.

Shares closed at $138.72 on the New York Stock Exchange, up 88 cents from the previous day’s close.

A spokesman for Armonk-based IBM Corp. confirmed it was the highest that the shares had ever reached.

Such comparisons are adjusted to eliminate the effects of stock splits, in which a company typically splits one share into two.

During the day’s trading, shares rose as high as $138.88. Volume was 6.4 million shares, somewhat higher than average. Meanwhile, the Dow Jones industrial average, of which IBM is a component, dropped 19.07 points to close at 10,948.58.

The closing price gave Big Blue a market capitalization of nearly $175 billion.

The company went public in 1915. It will celebrate its 100th anniversary in 2011.

Chief Executive Officer Samuel Palmisano has shifted IBM’s focus more to services and software, which offer high profit margins. Since he became CEO in 2002, IBM shares have risen from around $104, or a gain of about a third.

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