IBM Will Invest $1 Billion in Linus Tech for Its Servers and 2 Other Dow Movers to Watch
International Business Machines Corp. (NYSE:IBM): Current price $191.95
IBM announced its plans at LinuxCon 2013 Tuesday to invest $1 billion in new Linux and open source technologies for its Power Systems servers. The investment should aid clients in capitalizing on big data and cloud computing using modern systems designed to handle the new wave of applications coming to the data center in the post-PC era. Two immediate initiatives announced include a new client center in Europe and a Linux on Power development cloud, which will center upon the rapidly expanding IBM’s ecosystem supporting Linux on Power Systems that, today, represents thousands of independent software vendors and open source applications globally.