Shares of International Business Machines Corp. (NYSE:IBM) ended Thursday session in red amid volatile trading. The shares closed down -2.64 points or -1.63% at $159.00 with 3.96 million shares getting traded. Post opening the session at $160.55, the shares hit an intraday low of $158.76 and an intraday high of $161.21 and the price vacillated in this range throughout the day. The company has a market cap of $153.20 billion and the numbers of outstanding shares have been calculated to be 955.84 million shares.
International Business Machines Corp. (IBM) on Sept. 8, 2016 revealed a series of new servers designed to help propel cognitive workloads and to drive greater data center efficiency. Featuring a new chip, the Linux-based lineup incorporates innovations from the OpenPOWER community that deliver higher levels of performance and greater computing efficiency than available on any x86-based server.
Collaboratively developed with some of the world’s leading technology companies, the new Power Systems are uniquely designed to propel artificial intelligence, deep learning, high performance data analytics and other compute-heavy workloads, which can help businesses and cloud service providers save money on data center costs.
The three new systems are an expansion of IBM’s Linux server portfolio comprised of IBM’s specialized line of servers co-developed with fellow members of the OpenPOWER Foundation. The new servers join the Power Systems LC lineup that is designed to outperform x86-based servers on a variety of data-intensive workloads.
Early testing with Tencent, one of the world’s largest Internet service providers based in China, has shown that a large cluster of the new IBM OpenPOWER servers was able to run a data-intensive workload three times faster than its former x86-based infrastructure. Moreover, this result was achieved while reducing the total number of servers used by two-thirds. Given the significant cost benefits of using fewer servers to deliver faster performance, the company is now integrating the new servers into its hyperscale data center for big data workloads.
“The user insights and the business value you can deliver with advanced analytics, machine learning and artificial intelligence is increasingly gated by performance. Accelerated computing that can really drive big data workloads will become foundational in the cognitive era,” said Doug Balog, General Manager of POWER, IBM Systems. “Based on OpenPOWER innovations from partners such as NVIDIA, our new OpenPOWER Linux servers with POWERAccel set a new standard for these workloads compared with x86 processor-based servers.”
Shares of Tangoe Inc (NASDAQ:TNGO) ended Thursday session in red amid volatile trading. The shares closed down -0.19 points or -2.19% at $8.47 with 186,409.00 shares getting traded. Post opening the session at $8.59, the shares hit an intraday low of $8.43 and an intraday high of $8.80 and the price vacillated in this range throughout the day. The company has a market cap of $333.59 million and the numbers of outstanding shares have been calculated to be 39.43 million shares.
Tangoe Inc (TNGO) provides connection lifecycle management (CLM) software and related services to enterprises and service providers worldwide. Its CLM software covers the spectrum of an enterprise’s connection-based assets and services, such as voice and data services, mobile devices and usage, cloud software, infrastructure and services, machine-to-machine connections, enterprise social, and information technology connections, as well as encompasses the entire lifecycle of these assets and services, including planning and sourcing, procurement and provisioning, inventory and usage management, mobile device management, real-time telecommunications expense management, invoice processing and payment, expense allocation and accounting, and asset decommissioning and disposal.