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Street Tips: IBM Signs Services Deals With Clients in Brazil
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:16052008
Streetinvesting.com has now resumed our progressive International
Business Machines Corp. (NYSE:IBM) as it traded down $0.82 nearing its
52 week high of $128.83 on below average volume early trading Friday,
May 16, 2008. Based on the Company's most recent news release; we will
be progressively reviewing the impact of the markets and the effects of
their developments. We will be providing updates and analyst opinions
as new stories unfold.
Make sure to visit www.streetinvesting.com to keep updated and signup
for free with no credit card for market reports and analytical plays.
Our research resources have been aimed towards the US Large Caps and
the various prospective companies therein International Business
Machines Corp. was among those that we have been closely examining due
to their recent news and trading patterns. Sign up at www,
streetinvesting.com for more information on the company mentioned
herein.
May 16, 2008, -- IBM announced it has signed services agreements in
Brazil with a major entertainment company and a development bank. The
agreements include:
-- The Rede Brasil Sul de Comunicacao (RBS) Group - A major
entertainment enterprise in Brazil selected IBM to implement a
Networked Interactive Content Access (NICA) solution. This solution,
developed by IBM, is used for digital file management of printed and
on-line media content. The RBS Group is the first Brazilian company to
acquire the solution, which will include a twenty-four-hour IBM support
service. The NICA solution from IBM is already in use worldwide at
other large media groups.
NICA accelerates interaction between all production steps of a
publishing medium. Picture requests are entered into the system and
sent to the photographers, who create the images and upload them into
NICA. The solution will integrate both the agenda and editing systems
of the newspaper or media site. The software program will also
centralize and integrate all picture files of the Group, so that
whenever a picture is retrieved from the records, the journalist or
photographer will also be able to know when it was used, on which
occasion and for which of the eight RBS newspapers and sites. The
agreement was signed during the first quarter of 2008.
-- Banco Nacional do Desenvolvimento Econmico e Social (BNDES) - IBM
signed an agreement with BNDES for access to IBM's alternative data
processing center to assist in disaster recovery, as well as, security
services for the collection, delivery and custody of BNDES's external
security tape library. BNDES's mission is to promote Brazil's
development by boosting the Brazilian economy's competitiveness,
prioritizing the reduction of both social and regional inequalities,
and maintaining and creating employment opportunities. The agreement is
for twenty-four months and R$8,450,000 (BRL currency). It was signed in
the second quarter of 2008.
IBM recently reported that during the fourth quarter of 2007, the
company generated sixty-five percent of its business outside the United
States. Today's agreements further indicate that IBM's strategic focus
on delivering technology and services to growth markets, such as
countries in Central and South America, is gaining momentum.
International Business Machines Corporation (IBM) develops and
manufactures information technologies, including computer systems,
software, networking systems, storage devices, and microelectronics
worldwide. Its Global Technology Services segment offers IT
infrastructure and business process services, such as strategic
outsourcing, business transformation outsourcing, integrated
technology, and maintenance. The company's Global Business Services
segment provides professional services and application outsourcing
services, including consulting and systems integration and application
management. Its Systems and Technology segment offers computing and
storage solutions, including servers, disk and tape storage systems and
software, semiconductor technology and products, packaging solutions,
engineering and technology services, and retail store solutions. IBM's
Software segment primarily offers middleware and operating systems
software comprising information management software for database,
content management, and information integration; lotus software for
collaboration, messaging, and social networking; rational software, a
process automation tool; Tivoli software for infrastructure management,
including security and storage management; Websphere software for
Web-enabled applications; and product lifecycle management software.
The company's Global Financing segment provides commercial financing to
dealers and remarketers of IT products; lease and loan financing to
external and internal clients; and sale and lease of used equipment.
IBM serves banking, insurance, education, government, healthcare, life
sciences, aerospace and defense, automotive, chemical and petroleum,
electronics, distribution, and communication markets. The company was
founded in 1910 as Computing-Tabulating-Recording Company and changed
its name to International Business Machines Corporation in 1924. IBM is
based in Armonk, New York.
Streetinvesting.com will continue to follow the progress of this
company following their most recent news announcement. Visit
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All material herein was prepared by Streetinvesting.com, (Street
Investing) based upon information believed to be reliable. The
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