IBM Updates Cognos Business Intelligence Suite

IBM has rolled out improvements to its IBM Cognos financial analysis applications that it said will help customers keep pace with the lightning-quick macroeconomic events that impact their annual budget and sales projections. The upgrades, released Tuesday for its IBM Cognos TM1 in-memory analysis tool, add support for unlimited, dynamic hierarchies allows for greater flexibility…

IBM Spells Out Information Governance Strategy

HALF MOON BAY, Calif. — In a flurry of announcements Wednesday, IBM spelled out a holistic strategy for data management that it refers to as “information governance,” tying together information flow and analysis across corporate networks. Among the announcements at its Information Governance Council meeting here were two new technologies, one new business services consultancy…

Air Force to Build a $2M Supercomputer Using PlayStations

The U.S. Air Force is in the process of building a 500 teraFLOPS supercomputer that will only cost $2 million. Impossible, you say? Not when you build it with PlayStation 3 (PS3)consoles. The Air Force Research Laboratory in Rome, N.Y., have already built a cluster with 336 SonyPS3s and are beefing that up by another…

Big Tech, Mobile Get New Year’s Critique

The iPhone needs a new battery. HP needs an acquisition. Nokia needs a new design. These suggestions and more were detailed in a whitepaper issued by ABI Research analysts who listed what ideas they’d implement if they were in charge of some of the companies they cover. HP would do well to consider buying or…

HP Buys 3Com for $2.7 billion

Computer services and hardware giant HP just got bigger. The company announced today it plans to buy networking player 3Com in a $2.7B deal that aims to turn HP into a forced to be reckoned with in networking. HP will pay $7.90 per share of 3COM. A premium above today’s close of $5.69. The purchase…

Today’s The Day – Windows 7 Launched

Windows 7 may not be the seventh wonder of the world, but you’d be forgiven for thinking that if you attended the new operating system’s launch event Thursday morning in New York during which Microsoft execs talked up all manner of enhancements offered by the software. Microsoft CEO Steve Ballmer trotted out Windows 7 for…

Sun to Lay Off 3,000

In an SEC filing Tuesday, Sun Microsystems said it will cut up to 3,000 jobs in the next 12 months as it and Oracle await the European Commission’s approval of their proposed $7.4 billion merger. Oracle’s purchase of the software and server company was given a thumbs-up from the U.S. Department of Justice but the…

The Open Group Releases SOA and Cloud Standards

The Open Group announced the availability of two new industry standards on Monday: the Open Group Service Integration Maturity Model (OSIMM) and SOA Governance Framework. OSIMM will provide an industry recognized maturity model for advancing the continuing adoption of SOA and Cloud computing within and across businesses. The SOA Governance Framework is a free guide…

Three Charged in TJX and Heartland Breaches

The U.S. Department of Justice (DoJ) has charged three hackers with the theft of over 130 million credit cards through data breaches that compromised businesses including Heartland Payment Systems, 7-Eleven, and supermarket chain owner Hannaford Bros. One of the three, Albert Gonzalez, is already awaiting trial in jail after having been earlier charged with the…

Intel Lifts All Boats

The stock market staged its biggest rally in four months on Wednesday, thanks to blowout quarterly results from Intel. Intel jumped 7.3% and rival AMD gained more than 8% on a day that saw the entire chip sector rise 5%. The Nasdaq was up 3.5%, as Intel’s results delivered the first solid hint of economic…