IBM to Spin Off Legacy IT Business, Pegging Future on Cloud

(Bloomberg) — International Business Machines Corp. is spinning off a slower-growth business that manages corporate computer systems so it can focus on the boom in demand for cloud services and step up competition with Amazon.com Inc. and Microsoft Corp.

Loading...

Load Error

The new unit, which is currently part of IBM’s global technology services division, handles day-to-day infrastructure service operations, like managing client data centers and traditional information-technology support for installing, repairing and operating equipment. It serves 4,600 clients and has an order backlog of $60 billion, according to a statement from IBM Thursday.

The shift essentially divides IBM into two, splitting its legacy IT-management services from its new hybrid-cloud computing and artificial intelligence unit, which the company hopes will return it to revenue growth — and relevancy. IBM said it aims to complete the transaction as a tax-free spinoff to IBM shareholders by the end of 2021.

The move is

Read More
Read More

Stock Alert: IBM Plans To Spin Off Managed Infrastructure Services Unit; Stock Jums 7%

(RTTNews) – Shares of International Business Machines Corporation (IBM) are rising more than 7% Thursday morning on the news of its plan to spin-off managed infrastructure services unit.

IBM plans to separate its managed infrastructure services unit of its Global Technology Services division into a new publicly-traded company (NewCo) and focus more on the cloud business.

“This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value,” IBM said.

The spin-off is expected to be completed by the end of next year.

“IBM is laser-focused on the $1 trillion hybrid cloud opportunity. NewCo will have greater agility to design, run and modernize the infrastructure of the world’s most important organizations. Both companies will be on an improved growth trajectory with greater ability to partner and capture new opportunities – creating value for clients and shareholders” said Arvind Krishna, IBM Chief Executive Officer.

Additionally, IBM

Read More
Read More

IBM to spin off IT infrastructure unit, focus on cloud business

FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez/File Photo

(Reuters) – International Business Machines Corp said on Thursday it would spin off its IT infrastructure unit to focus more on cloud computing, a high-margin business that has seen a boost as companies increasingly ramp up their digital shift.

Shares of the company were up nearly 14% in premarket trading.

IBM has trimmed its legacy businesses over the years to focus on cloud, aiming to make up for slowing software sales and seasonal demand for its mainframe servers.

Arvind Krishna, who took over as chief executive officer from Ginni Rometty in April, said IBM’s software and solutions portfolio will account for the majority of company revenue after the separation.

Krishna is known as the “principal architect” of IBM’s biggest acquisition, software company Red Hat, which was bought

Read More
Read More

The discovery of triplet spin superconductivity in diamonds has the potential to revolutionise the high-tech industry. — ScienceDaily

Diamonds have a firm foothold in our lexicon. Their many properties often serve as superlatives for quality, clarity and hardiness. Aside from the popularity of this rare material in ornamental and decorative use, these precious stones are also highly valued in industry where they are used to cut and polish other hard materials and build radiation detectors.

More than a decade ago, a new property was uncovered in diamonds when high concentrations of boron are introduced to it — superconductivity. Superconductivity occurs when two electrons with opposite spin form a pair (called a Cooper pair), resulting in the electrical resistance of the material being zero. This means a large supercurrent can flow in the material, bringing with it the potential for advanced technological applications. Yet, little work has been done since to investigate and characterise the nature of a diamond’s superconductivity and therefore its potential applications.

New research led by

Read More
Read More

Spin clean-up method brings practical quantum computers closer to reality — ScienceDaily

Quantum computers are the new frontier in advanced research technology, with potential applications such as performing critical calculations, protecting financial assets, or predicting molecular behavior in pharmaceuticals. Researchers from Osaka City University have now solved a major problem hindering large-scale quantum computers from practical use: precise and accurate predictions of atomic and molecular behavior.

They published their method to remove extraneous information from quantum chemical calculations on Sept. 17 as an advanced online article in Physical Chemistry Chemical Physics, a journal of the Royal Society of Chemistry.

“One of the most anticipated applications of quantum computers is electronic structure simulations of atoms and molecules,” said paper authors Kenji Sugisaki, Lecturer and Takeji Takui, Professor Emeritus in the Department of Chemistry and Molecular Materials Science in Osaka City University’s Graduate School of Science.

Quantum chemical calculations are ubiquitous across scientific disciplines, including pharmaceutical therapy development and materials research. All of

Read More
Read More

Apple and Facebook spin antitrust claims: ‘We’re misunderstood’

In late July, a Congressional subcommittee successfully compelled four major tech company CEOs to formally answer questions over allegedly monopolistic business practices — a public spectacle marred only by COVID-19-related isolation of the attendees. Amazon, Facebook, and Google faced some of the heaviest questioning, but Apple certainly didn’t walk away untouched, as it was peppered with evidence that its App Store was abusing its increasingly dominant position within the software industry.

The “Online Platforms and Market Power” hearing matters because it paved the way for formal antitrust actions against four of the world’s largest companies, technology or otherwise. Individually and collectively, they reach billions of people, with an outsized impact on the hardware, software, and services enterprises and end users rely upon every day. While all four of the tech giants portray themselves as ambitious good actors, there are certainly negative consequences to their actions.

Today, a group of developers

Read More
Read More

Spin Hall effect in Weyl semimetal for energy-efficient information technology

Spin Hall effect in Weyl semimetal for Energy-efficient Information Technology
Fig 1. A schematic presentation of spin Hall effect in Weyl semimetal 1T’ WTe2, showing the separation of spin-polarized electrons (up and down spin) on the surfaces of a sample by just passing a charge current. Credit: Bing Zhao

The discovery of topological Weyl semimetals in 2017 has revealed opportunities to realize several extraordinary physical phenomena in condensed matter physics. Now, researchers at Chalmers University of Technology have demonstrated the direct electrical detection of a large spin Hall effect in this topological quantum material. Weyl semimetal takes advantage of its strong spin-orbit coupling and novel topological spin-polarized electronic states in its band structure. These experimental findings can pave the way for the utilization of spin-orbit induced phenomena in developing next-generation of faster and energy-efficient information technology and have been published in the scientific journal Physical Review Research.


As our society is becoming more integrated with artificial intelligence (AI) and Internet-of-Things

Read More
Read More