Tag Archives: IBM
In the field of patent war search engine giant Google has acquired several patents from IBM or International Business Machines – according to an update, recently made by the V3 reports. This report has also unlocked the entire US Patents and Trademarks Office patent assignment database, which has claimed that Google has acquired 217 patents of IBM in this year.
Andrew Cuomo, the New York Governor has revealed a five years investment plan, which says that Intel, IBM and a number of reputed companies are jointly going to invest an amount of $ 4.4 billion in two research and development projects in New York.
BlackBerry maker Research In Motion got forced to discharge innovative devices on time and offer something credible so that they could win back the trust of investors made suspicious by its missteps, as claimed by an analyst said on Tuesday.
In a note to clients, RBC Capital Markets analyst Mike Abramsky says he is cutting his price target on RIM shares to $29 from $35 and reduced its estimates for profit per share for the current fiscal year by 11 percent and for the coming fiscal year by nearly 19 percent.
He added that RIM stays as a potential buyout target because of to its proprietary messaging services, global subscriber base and strong patent selection. He assessed a takeout at $30 a share and named Microsoft, Cisco, IBM and Nokia as potential buyers.
Abramsky’s target is still fine with above RIM’s share price of around $23.50 on Tuesday; however, the change repositions RBC underneath the $31 mean average of analysts. Analysts’ predicts for the share price range from a low of $18 to a high of $75.
By February, RIM shares exchanged hands for as much as $70, but the stock has fell following a sequence of profit warnings, and the failed launch of its PlayBook competitor to Apple’s iPad.
RBC’s profit per share quotes for RIM of $4.95 for fiscal 2011, and $5 for 2012 are around 10 cents a share higher than the normal analyst estimate.
To urge the RIM’s board to take a more vigorous role to oversee management decisions as the company produces new products, Abramsky said RIM’s products and software have not been useful for years.
The company that once dominates the smartphone market with business-friendly devices; however, it has strived as Apple’s iPhone and later Google’s Android software have obtained market share.
According to Abramsky, BlackBerry maker has wasted its credibility with investors by taking back and missing its own forecasts.
RIM reported dismal earnings last Thursday, sending its shares sharply lower. It shipped far fewer BlackBerry smartphones and PlayBook tablet computers than either the company or analysts had prediction.
Abramsky said RIM might have an opportunity to turn things around still had a chance to turn its fortunes around.
RIM has introduce a set of refreshed phones over its existing software, and were planning on launching another batch early subsequent year using the QNX software that originates in the PlayBook.
Many are expecting that the long-awaited debut of Playbook includes features Android app player as well as email, calendar and extra functions long linked with the BlackBerry at a developers’ conference in October.
Apple has been sued for patent infringement by Draplets Inc. The violation is regarding tools and applications on itunes, movie trailer sites and its official website. ITunes is the application that is used for all purposes on Apple gadgets, both for smart phones and iPads. The company that has taken Apple to court is a company based in Texas. The court has been filed in Eastern Texas District Court of the United States. This is a place where patent infringement cases are dealt with very seriously and quickly. The right holders are usually favored and the decision process is short in most of the cases. Droplets Inc, the software firm, is a company that has several high profile clients such as Borland and IBM.
New system announced on Thursday
On Thursday, Mozilla announced BrowserID, which is a new system to sign in to any web site with the same email id as a common identity. The BrowserID potentially plans to address the issues seen due to passwords even when the OpenID is already activated. The primary aim of the new system is to eliminate the users from the encumbrance of retaining several user IDs and password for the various sites.